https://www.taxtmi.com/caselaws?id=332330 The tribunal upheld the CIT(A)'s decision to allow the appellant's claim of bad debts and advances written off, determining that the write-offs were justified as trading losses under Section 28 of the Income Tax Act. The tribunal found that the appellant had met the conditions for claiming bad debts and advances written off, dismissing the revenue's appeal and affirming the allowance of the write-offs. en-us Wed, 03 Aug 2016 00:00:00 +0530 Thu, 15 Sep 2016 09:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332330 The tribunal upheld the CIT(A)'s decision to allow the appellant's claim of bad debts and advances written off, determining that the write-offs were justified as trading losses under Section 28 of the Income Tax Act. The tribunal found that the appellant had met the conditions for claiming bad debts and advances written off, dismissing the revenue's appeal and affirming the allowance of the write-offs. Case-Laws Income Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332330