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Developer's Write-Off of Deposits for Land Rights Surrender Approved Due to Business Necessity and Commercial Reasons.

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....Bad Debts - Addition on account of deposits written off on surrender of land development rights - Once the developer was sure that it is not possible to receive back any further amount of the deposit, as a commercial expediency the balance amount has been written off, since it is arising out of the business exigency and commercial expediency. - Claim allowed - AT....

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