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2012 (6) TMI 12 - HC - Income TaxBad Debts - Revenue contended dis-allowance on the ground that the assessee did not make sufficient efforts to recover the money and that the entire transaction was only a paper transaction - Held that:- Entire matter is one of fact and the question as to whether the amounts were actually written off in the books of accounts by the assessee is a factual finding arrived at by the Tribunal on a perusal of the ledger account of the debtor in the books of the assessee. Once the factual position is admitted/ accepted, the challenge by the Revenue must fail in view of the decision of the Supreme Court in T.R.F. Limited v. CIT[2010 (2) TMI 211 (SC)] - Appeal dismissed.
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