Company Faces Disallowance of Written-Off Advances After Policy Change; Justification for Write-Off Lacking Clarity.

Disallowance of advances written off - the parent company has not reimbursed the amount only on account of change of policy of the parent company. - the assessee has failed to substantiate as to why the advances amount was written off, particularly under the fact that the same is recoverable from its parent company. .....

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