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2016 (10) TMI 93 - HC - Income TaxDisallowance of bad debt claimed by the assessee - establishment of debt - Held that:- Considering the decision of the Apex Court in the case of T.R.F. Ltd. (2010 (2) TMI 211 - SUPREME COURT ), the question, which is raised in the present appeal is required to be answered in favour of the assessee. The Tribunal has erred in reversing the decision of the CIT(A). After the amendment of Section 36(1)(vii) of the Income-tax Act, 1961 with effect from April 1, 1989, in order to obtain a deduction in relation to bad debts, it is not necessary for the assessee to establish that the debt in fact has become irrecoverable; it is enough if the bad debt is written off as irrecoverable in the accounts of the assessee. Accordingly, question raised in the present appeal is answered in favour of assessee and against the revenue
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