https://www.taxtmi.com/caselaws?id=244147 The Tribunal remitted the matter back to the AO for verification of whether the bad debts and advances were actually written off in the accounts of the debtors. The Tribunal directed the AO to verify the authenticity of the documents and ensure compliance with section 44AB requirements. The Tribunal allowed the appeal for statistical purposes regarding the verification of bad debts and advances written off and set aside the CIT's order under section 263 concerning the deductions for Redundant Animation Projects WIP and Redundant Software WIP. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 19 Feb 2014 14:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244147 The Tribunal remitted the matter back to the AO for verification of whether the bad debts and advances were actually written off in the accounts of the debtors. The Tribunal directed the AO to verify the authenticity of the documents and ensure compliance with section 44AB requirements. The Tribunal allowed the appeal for statistical purposes regarding the verification of bad debts and advances written off and set aside the CIT's order under section 263 concerning the deductions for Redundant Animation Projects WIP and Redundant Software WIP. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244147