Disallowance of bad debt/business loss being the amount ...

Entity's Bad Debt Claim Allowed After Contract Termination and Forfeited Amount with BHEL to Prevent Further Losses.

May 20, 2016

Case Laws Income Tax AT

Disallowance of bad debt/business loss being the amount forfeited by BHEL on account of termination of contract - The assessee probably came to terms with the occasion of suffering such losses in wake of the fact of saving itself from incurring further huge losses. - claim allowed - AT

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Disallowance of bad debt/business loss being the amount ...

Entity's Bad Debt Claim Allowed After Contract Termination and Forfeited Amount with BHEL to Prevent Further Losses.

May 20, 2016

Case Laws Income Tax AT

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