Even under new S.36(1)(vii) assessee to prove that the debt written of was indeed a bad debt

The assessee wrote off an amount as a “bad debt” in its accounts and claimed a deduction u/s 36 (1) (vii). The AO asked the assessee to furnish information as to the names and addresses of the debtors, copies of ledger accounts and efforts made to realize these dues. On failure by the assessee to furnish the information, the claim was disallowed on the ground that the onus to prove that the debt was a bad debt was on the assessee which had not been discharged. This stand was confirmed by the CIT (A). On appeal, the Tribunal decided in favour of the assessee by relying on Oman International...