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Advances Written Off

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(Querist)
24 September 2009 Allowability of Advances Written off under Income Tax Act.
Please refer a relevant case law or section.
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VINEESH KHANNA

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VINEESH KHANNA (Expert)
24 September 2009 Advances written off (Not provison for advances) is very much allowable under the provisions of income tax act.
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Mayank Rungta

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Mayank Rungta (Querist)
24 September 2009 But the company I am working for is asking for specific section or case law.
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