https://www.taxtmi.com/caselaws?id=213978 The Tribunal upheld the CIT(A)'s decision on the disallowance of bad debts claim, stating that the provision account should align with the available balance. However, the Tribunal set aside the CIT(A)'s order on the relief of excess provision written back for fresh consideration by the AO. Regarding the disallowance made under section 14A of the Act, the Tribunal found the issue needing further examination by the AO in light of a relevant High Court decision. Ultimately, the Tribunal partly allowed the revenue's appeal and allowed the cross objections filed by the assessee, providing detailed analyses for each issue. en-us Fri, 08 Jun 2012 00:00:00 +0530 Wed, 13 Jun 2012 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213978 The Tribunal upheld the CIT(A)'s decision on the disallowance of bad debts claim, stating that the provision account should align with the available balance. However, the Tribunal set aside the CIT(A)'s order on the relief of excess provision written back for fresh consideration by the AO. Regarding the disallowance made under section 14A of the Act, the Tribunal found the issue needing further examination by the AO in light of a relevant High Court decision. Ultimately, the Tribunal partly allowed the revenue's appeal and allowed the cross objections filed by the assessee, providing detailed analyses for each issue. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213978