https://www.taxtmi.com/highlights?id=50970 Addition on account of forfeiture of advance - nature of expenses - for whatever reason, the advance given was forfeited. In this view of the matter, the advance given in the ordinary course of business has been rightly treated as loss incurred by the company. en-us Tue, 31 Dec 2019 15:50:46 +0530 Tue, 31 Dec 2019 15:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50970 Addition on account of forfeiture of advance - nature of expenses - for whatever reason, the advance given was forfeited. In this view of the matter, the advance given in the ordinary course of business has been rightly treated as loss incurred by the company. Highlights Income Tax Tue, 31 Dec 2019 15:50:46 +0530 https://www.taxtmi.com/highlights?id=50970