https://www.taxtmi.com/caselaws?id=63406 The appeal was rejected regarding the deletion of provision for legal charges as the Tribunal found no grounds for the department to appeal. The objection was upheld for the allowance of bad debt, with the Tribunal reversing the finding of the Commissioner(A) due to non-adherence to Rule 46A. The Tribunal disagreed with the Commissioner(A) regarding the deletion of loss on sale of stocks and shares, finding reliance on a past assessment year inadequate. The Tribunal favored the Revenue on the issue of interest on sticky advances, holding it as taxable income based on a Supreme Court decision. The appeal was allowed in part, with the decision favoring the Revenue on this point. en-us Tue, 06 Dec 1988 00:00:00 +0530 Sat, 29 Jan 2011 17:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63406 The appeal was rejected regarding the deletion of provision for legal charges as the Tribunal found no grounds for the department to appeal. The objection was upheld for the allowance of bad debt, with the Tribunal reversing the finding of the Commissioner(A) due to non-adherence to Rule 46A. The Tribunal disagreed with the Commissioner(A) regarding the deletion of loss on sale of stocks and shares, finding reliance on a past assessment year inadequate. The Tribunal favored the Revenue on the issue of interest on sticky advances, holding it as taxable income based on a Supreme Court decision. The appeal was allowed in part, with the decision favoring the Revenue on this point. Case-Laws Income Tax Tue, 06 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63406