2008 (2) TMI 399

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..... - 1915 of 2007 - - - Dated:- 27-2-2008 - F. I. REBELLO and R. S. MOHITE JJ. Vimal Gupta and P. S. Sahadevan for the appellant. Vishnu S. Hadade for the respondent. JUDGMENT 1. The appeal is preferred on the following questions: "(i) Whether, on the facts and in the circumstances of the case and in law, the hon'ble Tribunal is right in confirming the order of the Commissioner .....

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..... s in the matter of determining the year in which a bad debt can be allowed and also to rationalise the provisions, the Amending Act, 1987, has amended clause (vii) of sub-section (1) and clause (i) of sub-section (2) of the section to provide that the claim for bad debt will be allowed in the year in which such a bad debt has been written off as inecoverable in the accounts of the assessee." 3. .....

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