https://www.taxtmi.com/caselaws?id=240966 The appeal by the assessee against the disallowance of sundry balance written off as capital expenditure was rejected by the CIT(A) due to lack of clarity in explanations, leading to a re-verification order. The claim of bad debts on account of interest receivable was disallowed by the ITAT, upholding the CIT(A)'s decision, as proper efforts were not made to collect the interest from the company's directors. The appeal was allowed in part for statistical purposes. en-us Fri, 01 Feb 2013 00:00:00 +0530 Sun, 15 Dec 2013 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240966 The appeal by the assessee against the disallowance of sundry balance written off as capital expenditure was rejected by the CIT(A) due to lack of clarity in explanations, leading to a re-verification order. The claim of bad debts on account of interest receivable was disallowed by the ITAT, upholding the CIT(A)'s decision, as proper efforts were not made to collect the interest from the company's directors. The appeal was allowed in part for statistical purposes. Case-Laws Income Tax Fri, 01 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240966