COMMISSIONER OF INCOME-TAX versus BIRLA BROS. P. LTD.
Section 10 (2) (xi) Bad debt deduction \ Bad debt \ means a loan that goes into a balance sheet such as a business loan in a business or business. As a result, it is estimated. Section 10 (2) (xi) of bad debt reduction guaranteed loan payment for any part ses mon mon for any person will have to be wasted to waste money and this can be a customary practice of business This can be the only way by which he can get the money for his business purpose if there is any such collateral guarantee guarantee loan and if such a custom has been established it will be a business loan and if The assessee had made a voluntary payment but had liable for the legal obligation arising out of his business, he was entitled to a loan under section 10 (2) (Xi). Shall be entitled to the deduction amount.
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