https://www.taxtmi.com/caselaws?id=444807 ITAT Delhi dismissed revenue's appeal regarding debt write-off, finding assessee fulfilled conditions under TRF Limited precedent by actually writing off debt in books and showing it as income in earlier years. Court allowed assessee's appeal on business promotion expenses, directing deletion of entire addition as limited company cannot have personal element in expenses. Additional sales tax deletion upheld after CIT(A) verified evidence of liability discharge. Professional charges and unexplained purchases deletions sustained due to lack of adverse material by AO. Scrap sales additions deleted considering Commonwealth Games controversies and distress sales circumstances. en-us Thu, 19 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:46:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444807 ITAT Delhi dismissed revenue's appeal regarding debt write-off, finding assessee fulfilled conditions under TRF Limited precedent by actually writing off debt in books and showing it as income in earlier years. Court allowed assessee's appeal on business promotion expenses, directing deletion of entire addition as limited company cannot have personal element in expenses. Additional sales tax deletion upheld after CIT(A) verified evidence of liability discharge. Professional charges and unexplained purchases deletions sustained due to lack of adverse material by AO. Scrap sales additions deleted considering Commonwealth Games controversies and distress sales circumstances. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444807