2007 (12) TMI 304 - ITAT DELHI - Income Tax

Extract:
.......nding carried on by the assessee (ii)On the facts and in the circumstances of the case, the claim of the assessee for bad debts of Rs. 1 crore is allowable in view of the provisions contained in section 36(1)(vii) read with section 36(2)(i) of the Income-tax Act. The appeal will now be placed before the regular Bench for passing appropriate orders.