https://www.taxtmi.com/caselaws?id=215640 The Tribunal allowed the appeal in part. It directed the Assessing Officer to allow the bad debt claim under Section 36(1)(vii) read with Section 36(2) of the Income Tax Act. The Tribunal upheld the AO's estimation of expenses for the rebate under Section 88E but directed a recalculation considering potential income variations. Regarding the addition under Section 14A read with Rule 8D, the Tribunal set aside the orders and remanded the matter for re-examination by the AO, emphasizing the need for the AO to record satisfaction before applying Rule 8D. en-us Wed, 20 Jun 2012 00:00:00 +0530 Fri, 05 Jul 2013 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215640 The Tribunal allowed the appeal in part. It directed the Assessing Officer to allow the bad debt claim under Section 36(1)(vii) read with Section 36(2) of the Income Tax Act. The Tribunal upheld the AO's estimation of expenses for the rebate under Section 88E but directed a recalculation considering potential income variations. Regarding the addition under Section 14A read with Rule 8D, the Tribunal set aside the orders and remanded the matter for re-examination by the AO, emphasizing the need for the AO to record satisfaction before applying Rule 8D. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215640