2014 (7) TMI 460

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..... bills on account of various reasons such as rate difference, lack of proper servicing i.e. upto the satisfaction of the customers - This amount being not realized/realizable was debited to the rate difference amount - there is no material on record to doubt the genuineness of the claim of the assessee – Relying upon TRF. LTD. Versus COMMISSIONER OF INCOME-TAX [2010 (2) TMI 211 - SUPREME COURT] – D .....

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..... he ld.CIT(A) erred on facts and in law in not deduction of bad debts/business loss claimed of ₹ 2,38,287/-. 3. The learned counsel for the assessee submitted that the assessee has written off the amount in question and the issue is covered in favour of the assessee with the decision of the Hon ble Apex Court in the case of T.R.F. Ltd. Vs. CIT, 323 ITR 397 (SC). The learned DR has opposed .....

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..... e, lack of proper servicing i.e. upto the satisfaction of the customers. This amount being not realized/realizable was debited to the rate difference amount. We find that there is no material on record to doubt the genuineness of the claim of the assessee. The ratio of decision of the Hon ble Apex Court in the case of TRF Ltd. (supra) is applicable to the case of the assessee. Accordingly, the iss .....

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