https://www.taxtmi.com/caselaws?id=418723 The Tribunal allowed the appeal, emphasizing the substance of the transaction over the form. It directed the deletion of the addition as it represented bad debts written off in the books of account. The decision underscored the importance of understanding the intention behind the nomenclature used and considering the actual nature of the expenses claimed by the assessee. en-us Mon, 17 Jan 2022 00:00:00 +0530 Wed, 23 Feb 2022 08:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418723 The Tribunal allowed the appeal, emphasizing the substance of the transaction over the form. It directed the deletion of the addition as it represented bad debts written off in the books of account. The decision underscored the importance of understanding the intention behind the nomenclature used and considering the actual nature of the expenses claimed by the assessee. Case-Laws Income Tax Mon, 17 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418723