TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Disallowance of the claim for Bad Debts written off - Disallowance of settlement expenditure - In the case of bad debts, the Appellate Tribunal (ITAT) partially allowed the appeal, permitting the write-off related to business activities while rejecting the claim related to capital expenditures. Regarding the settlement expenditure, the Tribunal allowed the appeal, recognizing the guarantee given by the assessee as essential for business operations and the payment made to settle the liability as a necessary expense for business continuity.
TaxTMI 