INCOME TAX : Where assessee-company wrote off outstanding interest on advances paid to its subsidiary as irrecoverable when net worth of subsidiary eroded, assessee’s claim of bad debt was to be allowed without expecting assessee to prove that debts had actually become badINCOME TAX : Where assessee-company wrote off outstanding interest on advances paid to its subsidiary as irrecoverable when net worth of subsidiary eroded, assessee’s claim of bad debt was to be allowed without expecting assessee to prove that debts had actually become badwww.taxmann.com Latest Case LawsRead More
