1940 (11) TMI 30

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..... DER In this case the only point concerns 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 .....

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..... act the old debt of ₹ 14,000 odd had 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 i .....

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