https://www.taxtmi.com/caselaws?id=267983 The tribunal allowed the appeal of the assessee, granting deductions for both the write-off of bad debts amounting to Rs. 11,62,253/- and bad advances amounting to Rs. 1,99,08,500/- based on the irrecoverability of the amounts from the broker involved in fraudulent activities. The tribunal emphasized that the losses incurred were incidental to the business and therefore deductible under relevant provisions of the Income Tax Act. The order was pronounced on 28/10/2015. en-us Wed, 28 Oct 2015 00:00:00 +0530 Wed, 18 Nov 2015 09:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267983 The tribunal allowed the appeal of the assessee, granting deductions for both the write-off of bad debts amounting to Rs. 11,62,253/- and bad advances amounting to Rs. 1,99,08,500/- based on the irrecoverability of the amounts from the broker involved in fraudulent activities. The tribunal emphasized that the losses incurred were incidental to the business and therefore deductible under relevant provisions of the Income Tax Act. The order was pronounced on 28/10/2015. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267983