TDS paid on behalf of other which was written off in books of account as irrevocable to be allowed as deduction

INCOME TAX : Where assessee company claimed bad debts on account of TDS payment made by it on behalf of its sales promoters, since assessee had direct business transactions, with such sales promoters, loss was incurred in course of business and debt was written off as irrevocable in accounts of assessee, Tribunal was justified in allowing said claim towards bad debt

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