The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the write-off of donations, as well as fixed assets, shall be treated as application of funds depending on the fact. In the instant case, the assessee Apne Aap Women Worldwide (India) Trust claimed certain amounts in the books of accounts as written-off. However, the […]
The post Write-Off of Donations and Fixed Assets shall be treated as Application of Funds: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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