"Any Expenditure" in Section 37 Includes Both Expenses and Losses, Even Without Actual Payment by Taxpayer.

"Any Expenditure" in Section 37 Includes Both Expenses and Losses, Even Without Actual Payment by Taxpayer. https://www.taxtmi.com/highlights?id=6287 The expression “any expenditure” used in section 37 is to cover both “expenses incurred”as well as an amount,which is really a “loss”,even though such amount has not gone out from the pocket of the assessee the advance written off by the assessee as irrecoverable is allowable as business loss - AT en-us Thu, 20 Dec 2012 20:43:39 +0530 Thu, 20 Dec 2012 20:43:39 +0530 TaxTMI RSS Generator "Any Expenditure" in Section 37 Includes Both Expenses and Losses, Even Without Actual Payment by Taxpayer. https://www.taxtmi.com/highlights?id=6287 The expression “any expenditure” used in section 37 is to cover both “expenses incurred”as well as an amount,which is really a “loss”,even though such amount has not gone out from the pocket of the assessee the advance written off by the assessee as irrecoverable is allowable as business loss - AT Highlights Income Tax Thu, 20 Dec 2012 20:43:39 +0530 https://www.taxtmi.com/highlights?id=6287