Income Tax Appeal Lodging v. Star Chemicals Bombay

failure to remove the office objections, appeal to stand dismissed without further order of this court. INCOME TAX APPEAL LODGING NO.1956 OF 2008 1. Office objections waived. 2. The CIT(A) in the course of the discussion notedthat the Assessing Officer had been fair enough to admitin the remand report that the appellant had as many as560 parties having bad debts renging from Rs.202/- toRs.1.00 lakh. The learned CIT (A) further noted that itis not compulsory for the assessee to take legalproceedings against the debtor for recovery of the claimbefore writing off it as a bad debt. In our opinion,the issue stands concluded by the judgment of this courtin Commissioner of Income Tax Vs. Star Chemicals Bombay Pvt. Ltd. reported in (2008) 220 CTR 319. Considering the above, in our opinion, Question-A would not arise. 3. In so far as Question-B is concerned,issue iscovered by the judgment of this court in the case ofCommissioner of Income Tax Vs. Bhor Industries Ltd.reported in 264 ITR 180.In our opinion, there is no merit in this appeal and accordingly, the same is dismissed. (R.S. MOHITE, J.) (F.I. REBELLO, J.)