Bad debt Actually Written Off is sufficient to claim allowance, there is no need to prove Debt as irrecoverable

Issue: Whether Bad debt written off in the books of Assessee is allowed as deduction where irrecoverability is not proved? Sections Involved: Section 36(1 )(vii) (relavant wording of the section: the amount of any bad debt or part thereof which is written off as irrecoverable in the accounts of the assessee for the previous year)  Appeal by Assessee before ITAT: (Relevant Extract)  3**. That on the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in confirming the disallowance of bad debts written off amounting to Rs.4,49,69,588/-. 3.1 That on the facts and in th...