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2007 (2) TMI 187 - HC - Income Tax
Claim for bad debts written off - advances made by rural branches - HELD THAT:- CIT (A) as well as the Tribunal, were of the firm opinion that the assessee has not claimed any debts written off in respect of rural branch in the earlier year. If that be so, we find no error in the order of the Tribunal in holding that the claim of bad debts in relation to non-rural branches of the assessee-bank is allowable. Accordingly, this issue is answered in favour of the assessee and against the Revenue.
Appeals are dismissed