https://www.taxtmi.com/caselaws?id=65557 The Tribunal directed the AO to re-examine the disallowance of the bad debts claim, treating it as allowed for statistical purposes, with a third member agreeing that no remand was needed. The treatment of stale cheques as income under Section 41(1) was upheld by the Tribunal, affirming the CIT(A)'s decision. The disallowance of depreciation on leased cars was dismissed as the assessee did not pursue it further. Regarding the diminution in the value of re-possessed stock, the Tribunal remanded the issue to the AO for re-examination. The appeal was partly allowed, with some issues remanded and others upheld or dismissed. en-us Tue, 08 Apr 2008 00:00:00 +0530 Sat, 16 Dec 2023 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65557 The Tribunal directed the AO to re-examine the disallowance of the bad debts claim, treating it as allowed for statistical purposes, with a third member agreeing that no remand was needed. The treatment of stale cheques as income under Section 41(1) was upheld by the Tribunal, affirming the CIT(A)'s decision. The disallowance of depreciation on leased cars was dismissed as the assessee did not pursue it further. Regarding the diminution in the value of re-possessed stock, the Tribunal remanded the issue to the AO for re-examination. The appeal was partly allowed, with some issues remanded and others upheld or dismissed. Case-Laws Income Tax Tue, 08 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65557