Bad Debts Not Deductible u/s 28 Unless Loss Occurred During Business Operations.

Bad Debts Not Deductible u/s 28 Unless Loss Occurred During Business Operations. https://www.taxtmi.com/highlights?id=7046 Advances written off - Bad debts - Unless loss arose in the course of business, the same cannot be allowed under section 28. Prima facie it is clear to us that the amount is not allowable as loss. - AT en-us Thu, 07 Mar 2013 14:36:01 +0530 Thu, 07 Mar 2013 14:36:01 +0530 TaxTMI RSS Generator Bad Debts Not Deductible u/s 28 Unless Loss Occurred During Business Operations. https://www.taxtmi.com/highlights?id=7046 Advances written off - Bad debts - Unless loss arose in the course of business, the same cannot be allowed under section 28. Prima facie it is clear to us that the amount is not allowable as loss. - AT Highlights Income Tax Thu, 07 Mar 2013 14:36:01 +0530 https://www.taxtmi.com/highlights?id=7046