Assessee’s claim for bad debts was rejected by revenue authorities without ascertaining as to whether said amount was offered to income in previous year or earlier years. On appeal High Court held that and, when the  aseessee debited amount of doubtful debts to profit and loss account and reduced same from asset side of balance sheet, impugned order was to be set aside and, matter was to be remanded back for disposal afresh.  (AY.  2014-15)