https://www.taxtmi.com/caselaws?id=466020 Disallowance of bad debts and advances written off in the books of pre-amalgamation entities cannot be added as income in the hands of the post-amalgamation assessee for an assessment year prior to the effective date of amalgamation; the AOs additions based solely on a statement rather than seized documentary material were set aside, resulting in deletion of the disallowance for that year. Separately, write-offs characterized as capital (land advance) require documentary proof to establish revenue expenditure; the matter was remitted to the assessing officer for de novo verification of newly produced evidence. en-us Tue, 10 Oct 2023 00:00:00 +0530 Tue, 20 Jan 2026 14:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466020 Disallowance of bad debts and advances written off in the books of pre-amalgamation entities cannot be added as income in the hands of the post-amalgamation assessee for an assessment year prior to the effective date of amalgamation; the AOs additions based solely on a statement rather than seized documentary material were set aside, resulting in deletion of the disallowance for that year. Separately, write-offs characterized as capital (land advance) require documentary proof to establish revenue expenditure; the matter was remitted to the assessing officer for de novo verification of newly produced evidence. Case-Laws Income Tax Tue, 10 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466020