https://www.taxtmi.com/caselaws?id=217264 The appeal by the assessee was partly allowed, with the Income Tax Appellate Tribunal (ITAT) directing the Assessing Officer (AO) to determine a reasonable disallowance under Section 14A, delete the disallowance of prior period expenses, uphold the disallowance of lease premium expenses, set aside the issue of exclusion of income from foreign branches, and decide afresh the issue of short allowance under Section 36(1)(viia). The ITAT upheld the allowance of bad debts claimed by the assessee, citing the Supreme Court's decision in Vijaya Bank v/s CIT. The appeal by the department was dismissed. en-us Tue, 31 Jul 2012 00:00:00 +0530 Fri, 08 Apr 2016 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217264 The appeal by the assessee was partly allowed, with the Income Tax Appellate Tribunal (ITAT) directing the Assessing Officer (AO) to determine a reasonable disallowance under Section 14A, delete the disallowance of prior period expenses, uphold the disallowance of lease premium expenses, set aside the issue of exclusion of income from foreign branches, and decide afresh the issue of short allowance under Section 36(1)(viia). The ITAT upheld the allowance of bad debts claimed by the assessee, citing the Supreme Court's decision in Vijaya Bank v/s CIT. The appeal by the department was dismissed. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217264