https://www.taxtmi.com/caselaws?id=120584 The Tribunal partially allowed the appeals, with various issues being sent back to the Assessing Officer for reconsideration. The disallowance of interest on Bihar Jamindari Abolition Compensation Bonds was upheld but referred back due to pending litigation. Depreciation on steel furniture, counters, and electric fittings was allowed as plant and machinery. The estimation of expenses for earning dividend income was restricted to 10%. The addition regarding rebates on settlement of advances was overturned. The deduction of bad debts written off was partially allowed. Provisions for bad and doubtful debts were directed to be excluded from book profits. en-us Fri, 28 Mar 2008 00:00:00 +0530 Sat, 21 Jul 2012 13:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120584 The Tribunal partially allowed the appeals, with various issues being sent back to the Assessing Officer for reconsideration. The disallowance of interest on Bihar Jamindari Abolition Compensation Bonds was upheld but referred back due to pending litigation. Depreciation on steel furniture, counters, and electric fittings was allowed as plant and machinery. The estimation of expenses for earning dividend income was restricted to 10%. The addition regarding rebates on settlement of advances was overturned. The deduction of bad debts written off was partially allowed. Provisions for bad and doubtful debts were directed to be excluded from book profits. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120584