Commissioner Of Income-Tax, Andhra ... vs Sirpur Paper Mills Ltd. on 19 January, 1978
He also followed the decision of Hon'ble jurisdictional High
Court in the case of CIT vs. Sirpur Paper Mills Ltd., 334 ITR
656 and CIT-II vs. Inventa Chemicals ITA.No.186 of 2013.
Revenue has preferred appeal only on the advances written off
stating that advances are not petty whereas, that was major
amount ranging upto Rs. 6 lakhs in the case of single party.