https://www.taxtmi.com/caselaws?id=790716 Advances written off could not be decided on the existing record because the business purpose and deductibility conditions were not fully established, so the matter was remanded for fresh verification. Additional MAT credit was not barred merely because it had not been accepted in assessment; it was admitted in principle and sent back for examination of the correct carry forward. The rectification dispute under section 40(a)(i) was also remanded because the Tribunal noted the binding effect of DRP directions, but the ex parte order and disputed service of notice raised natural justice concerns, requiring fresh adjudication with effective opportunity and relevant evidence. en-us Mon, 27 Apr 2026 00:00:00 +0530 Wed, 29 Apr 2026 08:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790716 Advances written off could not be decided on the existing record because the business purpose and deductibility conditions were not fully established, so the matter was remanded for fresh verification. Additional MAT credit was not barred merely because it had not been accepted in assessment; it was admitted in principle and sent back for examination of the correct carry forward. The rectification dispute under section 40(a)(i) was also remanded because the Tribunal noted the binding effect of DRP directions, but the ex parte order and disputed service of notice raised natural justice concerns, requiring fresh adjudication with effective opportunity and relevant evidence. Case-Laws Income Tax Mon, 27 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790716