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of <h1>Tribunal Upholds Disallowance, Orders Re-examination of Bad Debts</h1> The Tribunal upheld the disallowance u/s 14A based on precedent. The Tribunal directed the Assessing Officer to re-examine the bad debts claim in light of ... - Issues involved: Appeal against order relating to assessment year 2004-05 on four issues: a) Disallowance u/s 14A, b) Disallowance of contribution to retired employees meal benefit scheme, c) Disallowance of broken period interest on securities purchase, d) Disallowance of bad debts claim.Disallowance u/s 14A: Tribunal upheld decision based on precedent where no expenditure can be disallowed on estimate basis. Ld CIT(A) followed co-ordinate bench decision, finding no need to differ.Disallowance of Bad Debts Claim: Assessee's claim covered by recent Supreme Court decision. Tribunal directed AO to re-examine the claim and decide accordingly after providing opportunity for hearing.Committee on Disputes (COD) Orders: COD denied permission to pursue certain issues. Kerala High Court held COD orders valid despite subsequent Supreme Court decision, requiring compliance with COD decisions. Revenue's appeal partly allowed for statistical purposes.
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