Assessee was engaged in business of trading of agricultural products, building construction and generation of power/energy. The assessee written off the forfeiture of advance as bad debt. The AO disallowed the said loss.  Tribunal held that loss was incurred in character of trade and during ordinary course of business therefore  forfeiture of advance was a business loss having direct nexus with operation of business and was incidental to business carried too hence, was allowable. (AY. 2011-12)