Addition of debit balance written off - trade advance which is ...

Trade Advance Not Proven as Business Loss, Addition Sustained Due to Lack of Recovery Efforts Documentation.

April 26, 2019

Case Laws Income Tax AT

Addition of debit balance written off - trade advance which is written off as irrecoverable and so to be treated as a business loss - first prove that the advances were paid during the ordinary course of business - secondly, he took all steps to recover the advanced amount - not proved, addition sustained

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Addition of debit balance written off - trade advance which is ...

Trade Advance Not Proven as Business Loss, Addition Sustained Due to Lack of Recovery Efforts Documentation.

April 26, 2019

Case Laws Income Tax AT

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