1 itxa3475-10 sas IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.3475 OF 2010 The Commissioner of Income Tax-3 ..Appellant. V/s. M/s. Budhrani Finance Ltd. ..Respondent. Mr. Vimal Gupta for the appellant. Mr. V. Murlidhar i/b. Dhru & Co. for the respondent. CORAM : J.P. DEVADHAR AND SMT. R.P.SONDURBALDOTA JJ. DATED : 29TH JUNE, 2011 P.C. :- 1. The question of law raised in this appeal reads thus :- " Whether on the facts and circumstances of the case and in law, the ITAT was right in deleting the disallowance of bad debts amounting to Rs.35,29,475/- ? " 2. The aforesaid question is covered in favour of the assessee and against the revenue by the decision of the Apex Court in the case of T.R.F. Ltd. V/s. CIT reported in [2010] 323 ITR 397 (SC). In this view of the matter, the appeal is dismissed with no order as to costs. (SMT. R.P.SONDURBALDOTA, J.) (J.P. DEVADHAR, J.)