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2016 (2) TMI 876 - AT - Income TaxClaim of deduction written off on account of unrecoverable advance made for purchase of machinery - Held that:- As second installment of the claim made on account of unrecoverable advance to the extent of 30% of the total amount. The facts and issues arising in the present captioned assessment year are identical to the facts and issues in assessment year 2009-10 and following the same parity of reasoning, we hold that the assessee is entitled to the claim of deduction of ₹ 43,34,640/-, written off on account of unrecoverable advance made for purchase of machinery. - Decided in favour of assessee
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