TaxTMI 
TaxTMI 
Assessee Denied Set Off for JV/AOP Losses; Expenditure Disallowance Upheld as Losses Belong to JV/AOP.
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....Disallowance of expenditure on amount written off - Losses belong to JV / AOP or assessee - The assessee was merely financing the expenditure for the time being as a promoter of a member of the said AOP. - assessee not allowed to set off - AT....