Held that the overstated bank balance appearing in its books of accounts was written off in the books of account. Allowable as business loss. (AY. 2017-18)
Bangalore Electricity Supply Co. Ltd. v ACIT (2025) 234 TTJ 58 /121 ITR 195 / 174 taxmann.com 100 (Bang) (Trib)
S. 28(i): Business loss-Overstated bank balance written off— Allowable as business loss.
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