https://www.taxtmi.com/highlights?id=54227 Disallowance of bad debt/forfeiture of advance - If there is direct and proximate nexus between the business operation and the loss, or it is incidental to it, then the loss is deductible since without the business operation and doing all that is incidental to it, no profit can be earned - the same is business loss and not bad debts - Additions deleted - AT en-us Sat, 01 Aug 2020 13:02:50 +0530 Sat, 01 Aug 2020 13:02:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54227 Disallowance of bad debt/forfeiture of advance - If there is direct and proximate nexus between the business operation and the loss, or it is incidental to it, then the loss is deductible since without the business operation and doing all that is incidental to it, no profit can be earned - the same is business loss and not bad debts - Additions deleted - AT Highlights Income Tax Sat, 01 Aug 2020 13:02:50 +0530 https://www.taxtmi.com/highlights?id=54227