https://www.taxtmi.com/caselaws?id=67555 The Tribunal allowed the assessee's claim for bad debt deductions under section 36(1)(vii), emphasizing that the write-off in the Profit & Loss account was compliant. The Tribunal also upheld the accrual basis of interest on securities/debentures and allowed deductions for computer-related expenses. Additionally, expenses on the guest house were referred back to the Assessing Officer for verification under specific heads. The CIT(A)'s enhancement of income was rendered moot due to the Tribunal's decision on the bad debt claim. The Tribunal directed appropriate relief for consequential interest issues. en-us Thu, 29 Oct 1998 00:00:00 +0530 Fri, 11 Mar 2011 12:37:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67555 The Tribunal allowed the assessee's claim for bad debt deductions under section 36(1)(vii), emphasizing that the write-off in the Profit & Loss account was compliant. The Tribunal also upheld the accrual basis of interest on securities/debentures and allowed deductions for computer-related expenses. Additionally, expenses on the guest house were referred back to the Assessing Officer for verification under specific heads. The CIT(A)'s enhancement of income was rendered moot due to the Tribunal's decision on the bad debt claim. The Tribunal directed appropriate relief for consequential interest issues. Case-Laws Income Tax Thu, 29 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67555