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Abb Ltd.,, Bangalore vs Assessee on 5 October, 2001 cites

Additional Commissioner Of Income-Tax vs Solar Chemicals (P.) Ltd. on 28 August, 1984

(c) The Hon'ble Bombay High court, in the case of CIT v. Star Chemicals (Bombay) P. Ltd. reported in (2009) 313 ITR 126 (Bom), in its wisdom had held that 'under section 36(1)(vii) of the Income-tax Act, 1961 and Circular No.551 dated January, 23, 1990 if the assessee had written off the debt as a bad debt that would satisfy the purpose of the section."
Allahabad High Court Cites 15 - Cited by 9 - N D Ojha - Full Document

Commissioner Of Income-Tax vs Jaykrishna Harivallabhdas on 14 February, 1997

(ix) In conformity with the ruling of the Hon'ble Gujarat High Court cited supra and as the issue on hand is similar to that of the case which was dealt by the Hon'ble Court, we are of the firm view that the ratio laid down by the Hon'ble Court is directly applicable to the issue under consideration. In view of the above, we are of the considered view that the assessee is entitled to avail the benefit of capital loss and, accordingly, the issue is remitted back on the file of the AO to address to the grievance of the assessee and to take appropriate action in accordance with the provisions of the Act, of course, after affording an opportunity to the assessee of being heard. It is ordered accordingly.
Gujarat High Court Cites 26 - Cited by 10 - Full Document

M.R.F. Ted vs Deputy Commissioner Of Income Tax on 27 March, 1998

(vii) The assessee had taken a view that the loans, advances and sundry debtors amounting to Rs.3.50 crores due from its associate company - GIL - which had gone in liquidation and there was no trace of recovering the same, the management took a view to write off the said sum in its ledger of accounts during the previous year relevant to the assessment year under dispute where the ruling of the Hon'ble Apex Court in the case of T.R.F.LTD v. CIT reported in (2010) 323 ITR 397 (SC) comes to its rescue. The Hon'ble judiciary had, in its wisdom, ruled that 'in order to obtain a deduction in relation to bad debts, it is not necessary for the assessee to establish that the debt, in fact, has become irrecoverable; it is enough, if the bad debt is written off as irrecoverable in the accounts of the assessee.' The assessee had precisely in its books of account written off as irrecoverable.
Madras High Court Cites 3 - Cited by 5 - Full Document
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