https://www.taxtmi.com/caselaws?id=334862 The Tribunal directed the Assessing Officer to delete the disallowance of business expenses totaling Rs. 34,970 due to lack of details provided before the Assessing Officer, especially regarding potential double taxation. The Tribunal also instructed a re-examination of sundry balances and allowed the claim of deposits written off as a business loss, not a bad debt, citing legal precedents. The Tribunal found no valid reason for disallowing legitimate business expenses and emphasized the need for complete details to address potential double taxation concerns. en-us Tue, 01 Nov 2016 00:00:00 +0530 Tue, 22 Nov 2016 15:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334862 The Tribunal directed the Assessing Officer to delete the disallowance of business expenses totaling Rs. 34,970 due to lack of details provided before the Assessing Officer, especially regarding potential double taxation. The Tribunal also instructed a re-examination of sundry balances and allowed the claim of deposits written off as a business loss, not a bad debt, citing legal precedents. The Tribunal found no valid reason for disallowing legitimate business expenses and emphasized the need for complete details to address potential double taxation concerns. Case-Laws Income Tax Tue, 01 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334862