https://www.taxtmi.com/caselaws?id=440660 The appeal involved the disallowance of write-offs of outstanding dues by the Assessing Officer. The Tribunal held that the write-off claimed as expenditure for an advance made to a Chartered Accountant was not allowable under section 36(1)(vii) or section 37. However, regarding the write-off of outstanding due balance returned to Hughes Communications Ltd., the Tribunal found it should be allowed as a deduction under section 37 since it was returned under a court decree. The appeal was partly allowed on this ground. en-us Thu, 20 Jul 2023 00:00:00 +0530 Sun, 23 Jul 2023 23:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440660 The appeal involved the disallowance of write-offs of outstanding dues by the Assessing Officer. The Tribunal held that the write-off claimed as expenditure for an advance made to a Chartered Accountant was not allowable under section 36(1)(vii) or section 37. However, regarding the write-off of outstanding due balance returned to Hughes Communications Ltd., the Tribunal found it should be allowed as a deduction under section 37 since it was returned under a court decree. The appeal was partly allowed on this ground. Case-Laws Income Tax Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440660