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2012 (5) TMI 234 - AT - Income TaxDisallowance of bad debts - It was submitted by the Ld. A.R. that now, this issue is squarely covered in favour of the assessee by the judgement of Hon'ble Apex Court rendered in the case of TRF Ltd. (2010 -TMI - 76626 - SUPREME COURT). Ld. D.R. supported the order of austerities below - there is no dispute regarding the compliance of the provisions of Section 36(2) of the act and the only objection of the A.O. was that the assessee has not established that the debts had become bad - Decided in favor of the assessee Regarding disallowance of car rent U/S 40A(2)(b) - it is noted by the A.O. in para 5.1 o the assessment order that the assessee was asked to prove reasonableness of payment made on account of vehicle rent but the assessee failed to offer any satisfactory explanation or any comparison of other person in this regard - Decided in favor of the assessee by way of remand to AO
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