Irrecoverable Bad debt in the course of business allowable as trading loss

Ghatkopar unit of the Assessee was sold during the previous year due to several problems including labor problems and the advances and expenses written off related to this unit and this unit remained closed for a long time prior to its closure. We are satisfied that on the facts as pleaded by the Assessee before the AO which were not controverted by the AO/CIT(A), the loss in question was incidental to the business of the Assessee.

The reason assigned by the AO was that there was negligence on the part of the Ass

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