https://www.taxtmi.com/caselaws?id=63329 The Tribunal allowed the appeal in part, ruling in favor of the assessee by deleting the disallowance of interest under section 36(1)(iii) and allowing the bad debt claim under section 36(1)(vii). The Tribunal found that the interest paid on the amount advanced for share application money met the conditions of section 36(1)(iii) and that the write-off of the lease rent receivable satisfied the requirements for the bad debt claim. en-us Fri, 15 Feb 2008 00:00:00 +0530 Wed, 12 Jun 2013 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63329 The Tribunal allowed the appeal in part, ruling in favor of the assessee by deleting the disallowance of interest under section 36(1)(iii) and allowing the bad debt claim under section 36(1)(vii). The Tribunal found that the interest paid on the amount advanced for share application money met the conditions of section 36(1)(iii) and that the write-off of the lease rent receivable satisfied the requirements for the bad debt claim. Case-Laws Income Tax Fri, 15 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63329