https://www.taxtmi.com/highlights?id=51559 Write-off or waiver of advance given to its subsidiary - Since we have accepted the plea of the assessee for deduction of the said sum in terms of Sec. 36(1)(vii) of the Act, the alternate pleas made by the assessee for deductibility of the said sum in terms of Sec. 37(1) of the Act or as a 'business loss' in terms of Sec. 28 of the Act, are rendered academic. en-us Mon, 03 Feb 2020 12:04:31 +0530 Mon, 03 Feb 2020 12:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51559 Write-off or waiver of advance given to its subsidiary - Since we have accepted the plea of the assessee for deduction of the said sum in terms of Sec. 36(1)(vii) of the Act, the alternate pleas made by the assessee for deductibility of the said sum in terms of Sec. 37(1) of the Act or as a 'business loss' in terms of Sec. 28 of the Act, are rendered academic. Highlights Income Tax Mon, 03 Feb 2020 12:04:31 +0530 https://www.taxtmi.com/highlights?id=51559