State Bank Of Travancore vs Commissioner Of Income Tax, Kerala on 8 January, 1986
Regarding the disallowance of Rs. 2,99,287 representing the debts due to others but written back in the account books of the assessee in this year, the assessee relied upon the decision of the Hon'ble Supreme Court in State Bank of Travancore vs. CIT AIR 1958 SC, (1986) 158 ITR 102 (SC) and also the Gujarat High Court decision in Navjeevan Udyog Mandir P. Ltd. vs. CIT (1994) 207 ITR 40 (Guj).