Allowable expenditure u/s 37(1) - The assessee at the initial ...

DRP finds salary advances and payments don't qualify as trading losses or bad debts u/s 37(1).

January 16, 2019

Case Laws Income Tax AT

Allowable expenditure u/s 37(1) - The assessee at the initial stage could not file any reply on this issue. The DRP has given a specific finding that this amount have been incurred on salary advance and other payments which are neither in the nature of trading loss nor the bad debts.

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Allowable expenditure u/s 37(1) - The assessee at the initial ...

DRP finds salary advances and payments don't qualify as trading losses or bad debts u/s 37(1).

January 16, 2019

Case Laws Income Tax AT

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