https://www.taxtmi.com/caselaws?id=430296 The Special Bench held in favor of the assessee, ruling that deductions under section 36(1)(viia) should include total outstanding advances, including opening balances. This decision aligned with the Calcutta and Madras High Courts' rulings. The case was remanded to the Division Bench for further proceedings on other pending issues. en-us Thu, 10 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 08:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430296 The Special Bench held in favor of the assessee, ruling that deductions under section 36(1)(viia) should include total outstanding advances, including opening balances. This decision aligned with the Calcutta and Madras High Courts' rulings. The case was remanded to the Division Bench for further proceedings on other pending issues. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430296