https://www.taxtmi.com/caselaws?id=63719 The Tribunal upheld the inclusion of interest on sticky accounts in the assessee's income based on the Supreme Court precedent. Excess provision for bonus was added to income but allowed to be excluded in the subsequent year to avoid double taxation. Miscellaneous expenses disallowed were reduced. Treatment of pro rata interest on securities was remanded for clarification on their nature. Interest on debentures was included in income regardless of principal recoverability. Various bad debt claims were accepted or rejected based on individual circumstances. Deduction for entertainment expenses was allowed, subject to income threshold verification. Loss on sale of stocks and shares treatment was remanded for determination of their nature. en-us Fri, 14 Oct 1988 00:00:00 +0530 Tue, 01 Feb 2011 14:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63719 The Tribunal upheld the inclusion of interest on sticky accounts in the assessee's income based on the Supreme Court precedent. Excess provision for bonus was added to income but allowed to be excluded in the subsequent year to avoid double taxation. Miscellaneous expenses disallowed were reduced. Treatment of pro rata interest on securities was remanded for clarification on their nature. Interest on debentures was included in income regardless of principal recoverability. Various bad debt claims were accepted or rejected based on individual circumstances. Deduction for entertainment expenses was allowed, subject to income threshold verification. Loss on sale of stocks and shares treatment was remanded for determination of their nature. Case-Laws Income Tax Fri, 14 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63719