Biggest tax evasion of it act 1961

Even if you write off the X's A/x the same will not be allowed as business expenditure so how can you set off the capital gain of Rs. 4,30,000/-.

Attention to the Section 36(1)(vii) and section 36(2).

i already write in my post that students keep away from this. Mere dost apko pata hi nahi chal raha hai question kya he isme business exp. ki bat hi nahi aati............samje muje nahi apko sections refer karne chahiye.