https://www.taxtmi.com/caselaws?id=64338 The Tribunal dismissed the Department's appeal, affirming the CIT(A)'s decisions on all issues. It upheld the allowance of depreciation on furniture and fixtures, deduction under Section 35AB, exclusion of provision for bad and doubtful debts from book profits under Section 115JA, and rejected the disallowance under Section 14A for dividend income. The Tribunal emphasized consistency with prior rulings and the necessity of actual evidence for incurred expenditures. en-us Fri, 27 Jan 2006 00:00:00 +0530 Tue, 02 Apr 2024 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64338 The Tribunal dismissed the Department's appeal, affirming the CIT(A)'s decisions on all issues. It upheld the allowance of depreciation on furniture and fixtures, deduction under Section 35AB, exclusion of provision for bad and doubtful debts from book profits under Section 115JA, and rejected the disallowance under Section 14A for dividend income. The Tribunal emphasized consistency with prior rulings and the necessity of actual evidence for incurred expenditures. Case-Laws Income Tax Fri, 27 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64338