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2006 (9) TMI 150 - HC - Income TaxDisallowance on claim of bad debt - survey and search conducted - HELD THAT:- Assessing Officer as well as the appellate authority have examined the claim of the assessee that the debt has actually become irrecoverable during the previous assessment year 1999-2000 and have also held that the assessee has failed to prove that debts in question had actually become irrecoverable during the previous year in question. The material circumstances relied on in this connection are that the assessee only furnished a list of debts but the details of three years of such account have not been furnished because the same has been lying with the Assessing Officer. These findings were affirmed by the Tribunal. The bad debts have been disallowed by considering the material on record by finding as a fact that the debt has not been recoverable during the previous year relevant to the assessment year in question and this is a finding of fact and in that view of the matter other questions, even if held to be questions of law, become of academic importance, not affecting the result, it cannot be treated as substantial questions of law. Hence, this appeal cannot be entertained. The appeal, therefore, fails and is hereby dismissed.
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