https://www.taxtmi.com/caselaws?id=419681 The Tribunal allowed the appeal, setting aside the disallowance of advances written off as business expenses under Section 37(1) of the Income Tax Act, 1961. The Tribunal determined that the advances were non-recoverable due to project abandonment, citing the Supreme Court judgment in T.R.F. Ltd. Case to support its decision. This resolution implicitly addressed the disallowance of TDS credit as well, providing a comprehensive outcome to the appeal against the order under section 250(6) of the Act. en-us Tue, 15 Mar 2022 00:00:00 +0530 Thu, 17 Mar 2022 08:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419681 The Tribunal allowed the appeal, setting aside the disallowance of advances written off as business expenses under Section 37(1) of the Income Tax Act, 1961. The Tribunal determined that the advances were non-recoverable due to project abandonment, citing the Supreme Court judgment in T.R.F. Ltd. Case to support its decision. This resolution implicitly addressed the disallowance of TDS credit as well, providing a comprehensive outcome to the appeal against the order under section 250(6) of the Act. Case-Laws Income Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419681