https://www.taxtmi.com/caselaws?id=69438 The ITAT MADRAS-A upheld the disallowance of Rs. 6,35,640 as a capital loss, not a revenue loss, for the advance written off by the assessee for the construction of a cold storage plant. Regarding PF and ESI contributions made at the end of the assessment year, the tribunal directed the Commissioner (Appeals) to adjudicate the issue, allowing the assessee an opportunity to be heard. The appeal was partly allowed, restoring the issue of PF and ESI contributions for further consideration. en-us Wed, 07 Jun 2006 00:00:00 +0530 Fri, 23 Feb 2024 20:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69438 The ITAT MADRAS-A upheld the disallowance of Rs. 6,35,640 as a capital loss, not a revenue loss, for the advance written off by the assessee for the construction of a cold storage plant. Regarding PF and ESI contributions made at the end of the assessment year, the tribunal directed the Commissioner (Appeals) to adjudicate the issue, allowing the assessee an opportunity to be heard. The appeal was partly allowed, restoring the issue of PF and ESI contributions for further consideration. Case-Laws Income Tax Wed, 07 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69438