2019 (7) TMI 404 - SCH - Income Tax

Allowability of bad debts - carried forward and set off of loss as claimed by the assessee for the current assessment year - Revenue to contest the claim of the assessee even after passing of the order under Section 171 cannot be accepted - reason for entering into a family arrangement was with the hope to avoid all future disputes and litigations inter se between the members of the HUF - HELD THAT - SLP dismissed.