https://www.taxtmi.com/caselaws?id=216665 The Tribunal upheld the revenue's appeal on the disallowance for doubtful debts, citing non-applicability of RBI guidelines over Income Tax Act provisions. The issues of income reversals and expenses attributable to exempted income were remitted for fresh examination. The assessee's appeal was allowed for a higher depreciation rate on leased vehicles, and the dividend income issue was sent back for further verification. Interest under section 234D was deemed inapplicable for the year, while interest under sections 234B and 244A was considered consequential. en-us Fri, 06 Jul 2012 00:00:00 +0530 Mon, 11 Apr 2016 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216665 The Tribunal upheld the revenue's appeal on the disallowance for doubtful debts, citing non-applicability of RBI guidelines over Income Tax Act provisions. The issues of income reversals and expenses attributable to exempted income were remitted for fresh examination. The assessee's appeal was allowed for a higher depreciation rate on leased vehicles, and the dividend income issue was sent back for further verification. Interest under section 234D was deemed inapplicable for the year, while interest under sections 234B and 244A was considered consequential. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216665