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TMI Blog2012 (6) TMI 12X X X X Extracts X X X X X X X X Extracts X X X X ..... of fact and the question as to whether the amounts were actually written off in the books of accounts by the assessee is a factual finding arrived at by the Tribunal on a perusal of the ledger account of the debtor in the books of the assessee. Once the factual position is admitted/ accepted, the challenge by the Revenue must fail in view of the decision of the Supreme Court in T.R.F. Limited v. C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been debiting the sister concern M/s. Escolife IT Services P. Ltd. in respect of services rendered to it and these amounts have been shown as the assessee's income as service charges in the earlier assessment year 2002-03 and the current year. He therefore, held that the amount written off is entitled to be allowed as a bad debt and that the Assessing Officer was not justified in examining the qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77; 60,10,000/- the assessee was not able to show that this amount was earlier assessed or taken into account as the assessee's income. Accordingly, the Tribunal sustained the disallowance of ₹ 60,10,000/-. 5. The discussion above shows that the entire matter is one of fact and the question as to whether the amounts were actually written off in the books of accounts by the assessee is a fac ..... X X X X Extracts X X X X X X X X Extracts X X X X
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