Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1990 (8) TMI 72 - HC - Income Tax
Extract:
....... debt is a trade debt and that it has become bad, the court should not interfere with the decision of the assessee in writing off the amount in a particular year unless there is anything patently wrong with the assessee s decision. Accordingly, we answer the third question also in the affirmative and in favour of the assessee. No order as to costs.