TMI BlogWhether amount advanced to a contractor for execution of work for the purpose of business becomes...Whether amount advanced to a contractor for execution of work for the purpose of business becomes irrecoverable, the same is not allowable as bad debt - if the assessee sustains business loss during the enlargement of the business, the same should be treated as capital investment - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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