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2013 (4) TMI 370 - DELHI HIGH COURTBad debts U/s 36(1)(vii) - Amendment W.e.f. 01.04. 1989 - Held that:- We find that the Commissioner of Income Tax (Appeals) has adequately addressed this issue by placing reliance on the Supreme Court decision in the case of T.R.F. Limited v. CIT(2010 (2) TMI 211 - SUPREME COURT )- wherein the Supreme Court clearly held that after the amendment which took effect from 01.04. 1989, it was not necessary for the assessee to establish that a debt, in fact, had become irrecoverable. The Supreme Court further observed that it was enough if the bad debts were written off as irrecoverable in the accounts of the assessee. There is no dispute about this fact insofar as the present case is concerned. The assessee had written off the debts in question as irrecoverable in its accounts. The Income Tax Appellate Tribunal has merely confirmed the decision of the Commissioner of Income Tax (Appeals) - We find no infirmity in the decision of the Commissioner of Income Tax (Appeals) or in the decision of the Tribunal -Appeal is dismissed in favour of Assessee.
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