1940 (11) TMI 30

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..... the disallowance of an amount of ₹ 9,230-13-3 written off as a bad debt in the account of Sohna Ram Ram Piara of Lyallpur by the assessee Messrs. The Shyam Chambers, Limited, Lyallpur. Upon this contention being raised the Income-tax Officer held rightly enough that the mere fact that the debt had been written off in the books of the Company did not prove that the debt was irrecoverable and .....

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..... been reduced to ₹ 5,500 with collateral security to that extent. It is not, however, open to us, not being an appellate Court, to hold that the orders of the Income-tax Officer and the learned Assistant Commissioner or of the learned Commissioner were incorrect on the ground that this evidence which was not produced before them should now be taken into consideration by them. We can only poi .....

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