Bad debts - Disallowance of advance/balance written off claimed ...

Real Estate Developer's Advance Written Off as Business Loss, Recognized as Normal Business Operation.

January 2, 2024

Case Laws Income Tax AT

Bad debts - Disallowance of advance/balance written off claimed as deduction - the amount advanced by the assessee company to commission agent, for the purchase of certain agricultural land as stock-in-trade of its business in its normal course of business as a real estate developer, i.e., for purchase of stock-in-trade - Claim as business loss allowed - AT

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Bad debts - Disallowance of advance/balance written off claimed ...

Real Estate Developer's Advance Written Off as Business Loss, Recognized as Normal Business Operation.

January 2, 2024

Case Laws Income Tax AT

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