https://www.taxtmi.com/caselaws?id=270653 The Tribunal allowed the assessee's appeal on the addition under section 36(1)(iii) related to advances given, citing legal steps taken to recover the advance as evidence. The Tribunal also granted the set off of brought forward business loss, emphasizing the disclosure of speculative loss in the e-return. Additionally, the Tribunal upheld the deduction under section 10B, following precedents and the rule of consistency in assessments. The revenue's appeal on the deduction disallowance was dismissed. en-us Wed, 16 Sep 2015 00:00:00 +0530 Tue, 12 Jan 2016 00:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270653 The Tribunal allowed the assessee's appeal on the addition under section 36(1)(iii) related to advances given, citing legal steps taken to recover the advance as evidence. The Tribunal also granted the set off of brought forward business loss, emphasizing the disclosure of speculative loss in the e-return. Additionally, the Tribunal upheld the deduction under section 10B, following precedents and the rule of consistency in assessments. The revenue's appeal on the deduction disallowance was dismissed. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270653