https://www.taxtmi.com/caselaws?id=462110 ITAT Hyderabad allowed the assessee's appeal for statistical purposes, restoring multiple issues to the AO for verification. The tribunal held that bad debts from trade receivables should be allowed as deduction if the assessee had offered the full amount to tax and subsequently received short payment. Consultancy charges for legal fees to defend against NHAI's debarment action were deemed allowable litigation expenses, distinguishing them from penalty payments. Third-party vendor expenses were restored for confirmation verification. Direct expenses recorded as business development costs were remanded to verify exclusivity to Indian projects under section 44C provisions. en-us Wed, 16 Oct 2024 00:00:00 +0530 Fri, 23 May 2025 19:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462110 ITAT Hyderabad allowed the assessee's appeal for statistical purposes, restoring multiple issues to the AO for verification. The tribunal held that bad debts from trade receivables should be allowed as deduction if the assessee had offered the full amount to tax and subsequently received short payment. Consultancy charges for legal fees to defend against NHAI's debarment action were deemed allowable litigation expenses, distinguishing them from penalty payments. Third-party vendor expenses were restored for confirmation verification. Direct expenses recorded as business development costs were remanded to verify exclusivity to Indian projects under section 44C provisions. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462110