Sec. 41(1) couldn't be triggered just because debt had become time barred: HC

IT: Where Tribunal allowed assessee's claim for bad debts taking a view that in view of amendment made with effect from 1-4-1989, assessee had to only write off debts as irrevocable in its account and was not required to prove that they had become bad, impugned order passed by Tribunal did not require any interference

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