https://www.taxtmi.com/caselaws?id=331021 The Tribunal ruled in favor of the assessee, directing the assessing officer to delete the disallowance of the sundry balances written off, which were adjusted against outstanding rent and other charges, considering them as revenue expenditure for business purposes. The Tribunal found that the security deposit was adjusted against rent payable and exceeded the deposit amount, leading to the allowance of the appeal. en-us Wed, 22 Jun 2016 00:00:00 +0530 Thu, 11 Aug 2016 14:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331021 The Tribunal ruled in favor of the assessee, directing the assessing officer to delete the disallowance of the sundry balances written off, which were adjusted against outstanding rent and other charges, considering them as revenue expenditure for business purposes. The Tribunal found that the security deposit was adjusted against rent payable and exceeded the deposit amount, leading to the allowance of the appeal. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331021