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COMMISSIONER OF INCOME-TAX versus COATES OF INDIA LTD


Before claiming a deduction for faulty loans, the terms must be reached by the Assisi in an honest decision not to realize the facts and circumstances of making a mistake or extremely difficult to repay the loan, but to reject the assessor of potential difficulties or obstacles. Debt may be forced. The lender's angle in the salary decision should indicate the loan's non-repayment, not because of the valuation that can be paid by A and the ability to recover the property by S and A. No, not small AITO has no legal action by Assessment Bad credit CIT (Appeals) and Tribunal borrowed from bad BBTC (Appeal) approval and tribunal estimation angle Depending on the feasibility of the recovery and the indebted tribunal, it is not permissible to exclude the approval of the Indian Income Tax Act, 1961; Sec. 36 (1) (vii)

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