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2018 (4) TMI 1125 - ITAT DELHIAddition on account of Excessive Business Expenditure Claimed - assessee explained that the said amounts have been written off as the same has become irrecoverable- Held that:- The claim of the assessee is genuine and correct. The assessee produced PAN No. of the parties and all evidences on record to prove identity of three parties and genuineness of the transactions, therefore, the deduction claimed as business loss suffered by the assessee out of the transaction for purchase of land is wholly justified. Ld.CIT(A), therefore, correctly deleted the addition. - Decided in favour of assessee
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