https://www.taxtmi.com/caselaws?id=354503 The Tribunal allowed the assessee's appeal regarding the write-off of advances for business expansion, citing them as incurred wholly and exclusively for the purpose of business under section 37 of the Income Tax Act, 1961. The issue of expenditure towards APGENCO was remanded to the AO for verification. The appeal of the revenue was allowed for statistical purposes, the claim under section 80IB was upheld, and the disallowance of bad debts was dismissed as not pressed. en-us Thu, 25 Jan 2018 00:00:00 +0530 Tue, 30 Jan 2018 11:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354503 The Tribunal allowed the assessee's appeal regarding the write-off of advances for business expansion, citing them as incurred wholly and exclusively for the purpose of business under section 37 of the Income Tax Act, 1961. The issue of expenditure towards APGENCO was remanded to the AO for verification. The appeal of the revenue was allowed for statistical purposes, the claim under section 80IB was upheld, and the disallowance of bad debts was dismissed as not pressed. Case-Laws Income Tax Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354503