S. 36(1)(vii) : Bad debt-Money lending business-Debts taken over from sister concern-Allowed as deduction-SLP of Revenue dismissed. [S. 36(2), Art, 136]
CIT v. Elgi Equipments Ltd. (2023)454 ITR 14/ 293 Taxman 504 (SC) Editorial: CIT v. Elgi Equipments Ltd. (2023)454 ITR 11 / 151 taxmann.com 427 (Mad)(HC), affirmed.