https://www.taxtmi.com/highlights?id=29320 Disallowance of bad debt/business loss being the amount forfeited by BHEL on account of termination of contract - The assessee probably came to terms with the occasion of suffering such losses in wake of the fact of saving itself from incurring further huge losses. - claim allowed - AT en-us Fri, 20 May 2016 13:20:00 +0530 Fri, 20 May 2016 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29320 Disallowance of bad debt/business loss being the amount forfeited by BHEL on account of termination of contract - The assessee probably came to terms with the occasion of suffering such losses in wake of the fact of saving itself from incurring further huge losses. - claim allowed - AT Highlights Income Tax Fri, 20 May 2016 13:20:00 +0530 https://www.taxtmi.com/highlights?id=29320