Allowability of advances written off - there is nexus between ...

Advances to Subsidiary in Hospitality Industry Written Off as Revenue Expenses; Authorities Urged Not to Interfere with Business Decisions.

June 12, 2019

Case Laws Income Tax AT

Allowability of advances written off - there is nexus between assessee’s business and advances given to the subsidiary which was also engaged in the hospitality industry was revenue in nature - Revenue should not sit in the shoes of businessmen and decide what is appropriate for the business of the assessee - Non-recovery thereof is liable to be allowed as revenue expenses

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Allowability of advances written off - there is nexus between ...

Advances to Subsidiary in Hospitality Industry Written Off as Revenue Expenses; Authorities Urged Not to Interfere with Business Decisions.

June 12, 2019

Case Laws Income Tax AT

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