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2002 (7) TMI 54 - MADHYA PRADESH HIGH COURT"Whether, Tribunal was justified in allowing the claim of bad debt amounting to Rs. 44,38,276? - Whether, Tribunal was justified in holding that there was no collusive agreement between the assessee-firm and the debtor company?" - "It is obvious from the facts narrated above that the transaction was not in the nature of investment. The agreement itself mentions that the debtor company had taken a loan from the assessee." It is further noted by the Tribunal that the interest accrued out of the said loan was added in the previous year as part of the income of the assessee. It is, thus, seen that the aforesaid finding of the Tribunal is purely a finding of fact as to the admissibility of the claim of bad debt, No question of law, therefore, arises in the matter requiring determination by this court.
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