TMI BlogAddition on account of forfeiture of advance - nature of expenses - for whatever reason, the advance...Addition on account of forfeiture of advance - nature of expenses - for whatever reason, the advance given was forfeited. In this view of the matter, the advance given in the ordinary course of business has been rightly treated as loss incurred by the company. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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