In M/S. Budhrani Finance Ltd v. Dated : 29Th June, 2011, the High Court (2011) dismissed the appeal.
Issue: DATED : 29TH JUNE, 2011 P.C. :- 1.The question of law raised in this appeal reads thus :- " Whether on the facts and circumstances of the case and in law, the ITAT was right in deleting the disallowance of bad debts amounting to Rs.35,29,475/- ? " 2.The aforesaid question is covered in favour of the...
Decision: In this view of the matter, the appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.3475 OF 2010
The Commissioner of Income Tax-3
..Appellant.
V/s.
M/s. Budhrani Finance Ltd.
..Respondent.
Mr. Vimal Gupta for the appellant.
Mr. V. Murlidhar i/b. Dhru & Co. for the respondent.
CORAM : J.P. DEVADHAR AND SMT. R.P.SONDURBALDOTA JJ.
DATED : 29TH JUNE, 2011
P.C. :-
1.The question of law raised in this appeal reads thus :-
" Whether on the facts and circumstances of the case and in law, the ITAT was right in deleting the disallowance of bad debts amounting to Rs.35,29,475/- ? "
2.The aforesaid question is covered in favour of the assessee
and against the revenue by the decision of the Apex Court in the case of T.R.F. Ltd. V/s. CIT reported in [2010] 323 ITR 397 (SC). In this view of the matter, the appeal is dismissed with no order as to costs.
(SMT. R.P.SONDURBALDOTA, J.) (J.P. DEVADHAR, J.)
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