TMI BlogDisallowance of bad debts relating to write off of rental advance - It is clear that this advance...Disallowance of bad debts relating to write off of rental advance - It is clear that this advance payment was not for the normal course of business/trade. Since the capital asset is created, the same cannot be treated as revenue loss but capital loss. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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