https://www.taxtmi.com/caselaws?id=387581 The Tribunal upheld the disallowance of the write-off of advances to a wholly owned subsidiary as a business deduction, citing lack of documentary evidence and concluding the advances were capital in nature. However, the Tribunal directed the AO to verify the treatment of interest income from a bank and adjust it accordingly, allowing the appeal on this issue for statistical purposes. The order was issued on 04/10/2019. en-us Fri, 04 Oct 2019 00:00:00 +0530 Fri, 25 Oct 2019 15:43:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387581 The Tribunal upheld the disallowance of the write-off of advances to a wholly owned subsidiary as a business deduction, citing lack of documentary evidence and concluding the advances were capital in nature. However, the Tribunal directed the AO to verify the treatment of interest income from a bank and adjust it accordingly, allowing the appeal on this issue for statistical purposes. The order was issued on 04/10/2019. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387581