Jackie Shroff allowed claim of loan written off given to wife

Advocate Akhilesh Kumar Sah

Mr. Jackie Shroff Vs. ACIT (ITAT Mumbai)

When The Moneys Are Advanced As Measure Of Commercial Expediency Such Advances Are In The Nature Of Business Advances And The Write Off  Of Such Advances By The Assessee Should Be Allowed As Deduction Under Section 37(1) Or Under Section 28 Of The Income Tax Act As

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