Proving debt become irrecoverable not required after 01.04.1989: ITAT Delhi

Louis Berger Group Inc Vs ACIT (ITAT Delhi) ITAT Delhi held that the assessee is not required to prove that a particular debt had become bad debt in order to claim deduction on account of bad debt written off pursuant to the amendment made u/s 36(1)(vii) of the Income Tax Act after 01.04.1989. Facts- During the course of assessment proceedings, AO noticed that the assessee had written off a sum of Rs. 11,22,24,005/- towards amounts receivable from M/s. Louis Berger Consulting Pvt. Ltd on one hand and on the other hand, the assessee had paid consultancy fees of Rs. 42.64 crores to the same conc...