https://www.taxtmi.com/caselaws?id=785160 Disallowance of an 'other expenses' debit was remitted for fresh verification because supporting audited financial statements and documentary evidence were not properly examined and the assessee was not afforded a reasonable opportunity; the matter is returned to the assessing officer for limited verification of capitalization into project work-in-progress. On cessation of liability, the tribunal found that mere write-off by a creditor or classification as bad debt does not establish extinguishment in the assessee's books absent unilateral remission by the assessee or a bilateral settlement, and additions based solely on the creditor's assessment without opportunity for cross-examination were not sustained, favouring the assessee. en-us Wed, 17 Dec 2025 00:00:00 +0530 Thu, 15 Jan 2026 18:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785160 Disallowance of an 'other expenses' debit was remitted for fresh verification because supporting audited financial statements and documentary evidence were not properly examined and the assessee was not afforded a reasonable opportunity; the matter is returned to the assessing officer for limited verification of capitalization into project work-in-progress. On cessation of liability, the tribunal found that mere write-off by a creditor or classification as bad debt does not establish extinguishment in the assessee's books absent unilateral remission by the assessee or a bilateral settlement, and additions based solely on the creditor's assessment without opportunity for cross-examination were not sustained, favouring the assessee. Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785160