1994 (4) TMI 60

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..... , that the following question of law arises out of the order of the Tribunal dated May 26, 1982, in respect of the assessment year 1975-76. " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in allowing the bad debts amounting to Rs. 18,662 in the following names : Rs. 8,964 R. K. Hotel 3,750 Mr. P. K. Gupta 1,346 Shri V. V. Sood 2,072 Shri K. L. J .....

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..... while submitting the original returns, these debts were not considered as bad debts. The burden is on the assessee and whether it has been discharged by him has to be interpreted on the basis of law as it was in existence during the relevant assessment year. Consequently, the application is allowed and the Income-tax Appellate Tribunal is directed to refer the above question. - - TaxTMI - TM .....

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