https://www.taxtmi.com/caselaws?id=121562 Bad debt is allowable once it is actually written off in the books and the section 36(2) conditions are satisfied, with any later recovery taxable under section 41. Depreciation is available on a Bombay Stock Exchange membership card where the asset has already been treated as depreciable on the same facts. Loss on sale of securities falls within the anti-avoidance rule in section 94(7) where the amended dividend-stripping provision applies. Salary and perquisite payments to an expatriate employee are governed by tax deduction at payment under section 192, and are not disallowed under section 40(a)(iii) merely because tax was not deducted at accrual or credit. Interest under section 234D does not apply to refunds granted before 1-6-2003. en-us Thu, 19 Feb 2009 00:00:00 +0530 Tue, 31 Jul 2012 15:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121562 Bad debt is allowable once it is actually written off in the books and the section 36(2) conditions are satisfied, with any later recovery taxable under section 41. Depreciation is available on a Bombay Stock Exchange membership card where the asset has already been treated as depreciable on the same facts. Loss on sale of securities falls within the anti-avoidance rule in section 94(7) where the amended dividend-stripping provision applies. Salary and perquisite payments to an expatriate employee are governed by tax deduction at payment under section 192, and are not disallowed under section 40(a)(iii) merely because tax was not deducted at accrual or credit. Interest under section 234D does not apply to refunds granted before 1-6-2003. Case-Laws Income Tax Thu, 19 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121562