https://www.taxtmi.com/caselaws?id=63874 The Tribunal partially allowed the appeals, providing relief to the assessee on several issues. It upheld the deletion of disallowances related to investment write-offs, guest house expenses, accrued interest on loans, and management expenses under Section 14A, citing the precedence of Section 44 for insurance companies. However, it confirmed disallowances for depreciation due to inadequate asset details and for estimated liabilities on orphan claims, considering them contingent. The provision for bad and doubtful debts was allowed to the extent of 5% of income if positive. The disallowance for TDS in foreign countries was upheld as unpressed. en-us Fri, 27 Feb 2009 00:00:00 +0530 Fri, 27 Oct 2023 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63874 The Tribunal partially allowed the appeals, providing relief to the assessee on several issues. It upheld the deletion of disallowances related to investment write-offs, guest house expenses, accrued interest on loans, and management expenses under Section 14A, citing the precedence of Section 44 for insurance companies. However, it confirmed disallowances for depreciation due to inadequate asset details and for estimated liabilities on orphan claims, considering them contingent. The provision for bad and doubtful debts was allowed to the extent of 5% of income if positive. The disallowance for TDS in foreign countries was upheld as unpressed. Case-Laws Income Tax Fri, 27 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63874