https://www.taxtmi.com/caselaws?id=288381 The Appellate Tribunal ITAT Hyderabad upheld the decision of Ld. CIT(A)-III allowing the bad debts claimed and advances written off totaling Rs. 30,29,932 by the construction company. The Assessing Officer disallowed the amounts due to lack of evidence, but the Ld. CIT(A) considered the submitted details and legal precedents, concluding that the debts were non-recoverable and the advances were justified for write-off. The Tribunal found no merit in the Revenue's appeal, affirming the decision in favor of the assessee. en-us Fri, 07 Nov 2014 00:00:00 +0530 Wed, 03 Jun 2020 21:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288381 The Appellate Tribunal ITAT Hyderabad upheld the decision of Ld. CIT(A)-III allowing the bad debts claimed and advances written off totaling Rs. 30,29,932 by the construction company. The Assessing Officer disallowed the amounts due to lack of evidence, but the Ld. CIT(A) considered the submitted details and legal precedents, concluding that the debts were non-recoverable and the advances were justified for write-off. The Tribunal found no merit in the Revenue's appeal, affirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 07 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288381