2013 (10) TMI 200

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..... Appellate Tribunal dated 22.06.2012, following substantial questions of law have been proposed:      "A. Whether the impugned decision of the Hon'ble Appellate Tribunal amount to reversing the entire decision which was decided on merit after considering the existing law in this regard?      B. Whether, on the facts and in the circumstances of the case, th .....

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..... ocable, whereas, in the instant case, as could be noted from the record, the assessee had continuous business dealing with Gujarat Chemical Port Terminal Co. Ltd. (for short 'GCPTCL') in the past, and in future and therefore, the bad debts could not have been written off, as claimed by the assessee. He also has relied upon the decision of Apex Court reported in 305 ITR 227 in case of Assistant Com .....

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..... deciding the appeal on merit, had directed the hearing of the issue once again and, therefore, recalled its order for a limited purpose of deciding such issue only to that extent. Such recall is to be operated. 5. We see no error in the approach of the Tribunal as in case of TRF(T.R.F.) Ltd (supra) the Apex Court has made it clear inter alia that it is not necessary for the assessee to establish .....

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