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2013 (6) TMI 621 - AT - Income TaxBad debts written off disallowed - Held that:- As relying on judgment of C.I.T. vs. New Delhi Hotels Ltd. [2012 (3) TMI 325 - DELHI HIGH COURT] a sum of advance of Rs. 10 lacs which was paid by Shri Jagdish Nain was on behalf of the assessee and the payment was related and incidental to the assessee's business. The loss of the amount paid and the consequential reimbursement to Sh. Jagdish Nain was also incidental to the business of the assessee. Thus set aside the orders of the authorities below and decide the issue in favour of the assessee.
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