https://www.taxtmi.com/caselaws?id=264441 The Tribunal allowed the assessee's appeal on disallowance of advances written off, directing a re-examination with an opportunity for the assessee to provide necessary details. The disallowance of unsecured loans was restored to the AO for further examination of the nature of credit. The disallowed depreciation was deleted as the assessee did not claim it. The disallowance of bad debts written off was overturned, citing the genuine write-off in the books. The appeal was allowed for statistical purposes, granting the assessee opportunities to substantiate their claims. en-us Fri, 26 Jun 2015 00:00:00 +0530 Sat, 05 Mar 2016 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264441 The Tribunal allowed the assessee's appeal on disallowance of advances written off, directing a re-examination with an opportunity for the assessee to provide necessary details. The disallowance of unsecured loans was restored to the AO for further examination of the nature of credit. The disallowed depreciation was deleted as the assessee did not claim it. The disallowance of bad debts written off was overturned, citing the genuine write-off in the books. The appeal was allowed for statistical purposes, granting the assessee opportunities to substantiate their claims. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264441