Section 36 Bad debt allowability, Income Tax

[Lakshmi P]

My company is an nbfc.during the previous financial years it gave loan to illiterate customers based ustomers of kyc and signature,later it was found that article given as security in fact was stolen.and customers themselves were not knowing that they were taking loan.pawn brokers in actuals were taking the loan.now it officer siting third party fraud and there by disallowing the same.kindly help with case law

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[MARIAPPAN GOVINDARAJAN]

If any complaint has been made before the police authority for giving stolen properties as security?