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2022 (4) TMI 1231 - MADRAS HIGH COURTDisallowance under the head 'business loss / bad debts' - claim was alternatively made as against the original claim of bad debts u/s.36(1)(vii) of the Act in relation to the transaction involving advancing of monies for purchase of property in the process of making an attempt to expand the business of the appellant by misreading the facts of the case resulting in perversity in the order passed by them - HELD THAT:- It could be seen from the findings of the authorities below that after analysing the entire pleadings and the submissions made on either side, they have in unequivocal terms, held that there was no material available to prove that the loss incurred by the appellant / assessee was for the purpose of acquiring the property at Coimbatore for expansion of its business and hence, the same was not treated as business loss / bad debts. Such a finding rendered by the authorities below, based on the material evidence, does not require any interfere by this court. Further, the decision relied on the side of the appellant as was made before the Tribunal, is of no help to the case of the appellant / assessee, as it is factually distinguishable. It is settled law that “a court of appeal interferes not when the judgment under attack is not right, but only when it is shown to be wrong” [Refer: Dollar Co. v. Collector of Madras, [1975 (5) TMI 87 - SUPREME COURT]. In such view of the matter, there is no question of law, much less substantial question of law arisen for consideration herein
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