TMI Blog2002 (5) TMI 213X X X X Extracts X X X X X X X X Extracts X X X X ..... f bad debt of Rs. 5,51,108 and in regard to sustenance of addition of Rs. 3 lakhs on account of cash credits were only pressed. 3. The other grounds i.e., in regard to depreciation, telephone expenses, legal expenses and entertainment expenses were not pressed. Accordingly these grounds are dismissed as not pressed. 4. Regarding ground relating to interest under s. 234B and 234C, it was stated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uring the year in which it was claimed. It is further added that whenever the amount of bad debt claimed as deduction is received back, then in that case the amount received will be treated as income of that year in which the same is received. Therefore, in view of the amended provisions, we allow this ground of the assessee, as undisputedly they were written off during the year under consideratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of the learned authorised representative, the learned Departmental Representative did not make any objection. 8. In view of these facts and circumstances, we restore this matter to the file of the AO to decide the issue afresh after allowing a proper opportunity to the assessee. We order accordingly. 9. The charging of interest under s. 234B and 234C is consequential in nature. The AO is di ..... X X X X Extracts X X X X X X X X Extracts X X X X
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