https://www.taxtmi.com/caselaws?id=767695 ITAT DELHI allowed the assessee's appeal on three grounds. First, regarding additions of advance received from customers, the tribunal followed its earlier order and SC precedent in Taparia Tools Ltd., allowing deduction of entire expenditure when actually paid. Second, disallowance of security deposit written off was permitted as business loss given the small amount relative to assessee's income and its revenue nature for tender participation. Third, TP adjustments for commission received from Associated Enterprise were deleted after excluding dissimilar comparables, resulting in operating profit margin of 13.98%, and considering TPO's acceptance of commission as Arm's Length in subsequent years. en-us Wed, 19 Mar 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767695 ITAT DELHI allowed the assessee's appeal on three grounds. First, regarding additions of advance received from customers, the tribunal followed its earlier order and SC precedent in Taparia Tools Ltd., allowing deduction of entire expenditure when actually paid. Second, disallowance of security deposit written off was permitted as business loss given the small amount relative to assessee's income and its revenue nature for tender participation. Third, TP adjustments for commission received from Associated Enterprise were deleted after excluding dissimilar comparables, resulting in operating profit margin of 13.98%, and considering TPO's acceptance of commission as Arm's Length in subsequent years. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767695