2008 (8) TMI 22

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..... Z AHMED, J (ORAL) 1.   This appeal preferred by the revenue in respect of the assessment year 2003-2004 against the order of the Tribunal passed on 22.06.2007 is concerned with the issue of writing off bad debts by the assessee. 2.   The Tribunal, after examining the amendment brought about in Section 36 (1) (vii) of the Income Tax Act, 1961 (hereinafter referred to as the ' .....

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..... t claimed as bad debts to the extent of 25% relating to the government telephone department and 15% relating to the other private parties. This resulted in an addition of Rs. 36,44,046/-. 4.   It is obvious that the Assessing Officer, while allowing 25% of the bad debts written off relating to the government telephone department, was of the view that to that extent the debts were irreco .....

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