Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1979 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1979 (7) TMI 129 - ITAT JAIPURExtract: ....... advance was made for the purpose of business and, secondly, that it was irrecoverable. The assessee did not satisfy the ld. AAC that the amount in question was advanced for the purpose of business. Before us also no attempt has been made in this regard. Hence the disallowance is allowed to stand. 11. The result is that the appeal succeeds in part.
|