https://www.taxtmi.com/caselaws?id=367577 The Tribunal allowed the appeal of the assessee, holding that the write-off of rent deposit was a revenue expenditure for the assessment year 2010-11. The Tribunal considered the adjustment of the deposit towards rent for the lock-in period as a business loss, distinguishing it from a capital loss. The decision was based on the understanding that when rental advances become unrecoverable, they constitute business losses, and in this case, the deposit adjustment was a conscious business decision by the assessee. en-us Wed, 19 Sep 2018 00:00:00 +0530 Sat, 22 Sep 2018 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367577 The Tribunal allowed the appeal of the assessee, holding that the write-off of rent deposit was a revenue expenditure for the assessment year 2010-11. The Tribunal considered the adjustment of the deposit towards rent for the lock-in period as a business loss, distinguishing it from a capital loss. The decision was based on the understanding that when rental advances become unrecoverable, they constitute business losses, and in this case, the deposit adjustment was a conscious business decision by the assessee. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367577