TMI Blog2009 (12) TMI 413X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tribunal allowed the deduction. Held that- the amount was rightly claimed by the assessee as a deduction towards bad debts and if it was not proved, disallowance was the consequence because the amount could not be claimed as a trading loss of the previous year as the transactions were of earlier year. However the assessee could be given one more opportunity to prove the claim of bad debts before ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ere debited in the customer's account. The officer cannot be found fault with for the disallowance because unless it is shown that the amount is accounted as part of the turnover in any year, the assessee cannot write off the same in a later year. It is seen from the first appellate order that before the Commissioner of Income-tax (Appeals), the assessee gave up the claim of deduction of bad debt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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