https://www.taxtmi.com/caselaws?id=203324 The Tribunal remitted the issue of the write-off of an advance back to the Assessing Officer for fresh examination, instructing a reasonable opportunity for the assessee to present evidence. The Tribunal upheld the deletion of the addition under section 43B, distinguishing between loans and preference shares. Additionally, the Tribunal confirmed the deletion of the addition made on account of irrecoverable interest on inter-corporate deposits, allowing the write-off as bad debts under the provisions of the Act. The assessee's appeal was allowed for statistical purposes, while the Revenue's appeal was dismissed, affirming the CIT(A)'s decisions. en-us Fri, 10 Dec 2010 00:00:00 +0530 Fri, 31 May 2013 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203324 The Tribunal remitted the issue of the write-off of an advance back to the Assessing Officer for fresh examination, instructing a reasonable opportunity for the assessee to present evidence. The Tribunal upheld the deletion of the addition under section 43B, distinguishing between loans and preference shares. Additionally, the Tribunal confirmed the deletion of the addition made on account of irrecoverable interest on inter-corporate deposits, allowing the write-off as bad debts under the provisions of the Act. The assessee's appeal was allowed for statistical purposes, while the Revenue's appeal was dismissed, affirming the CIT(A)'s decisions. Case-Laws Income Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203324