https://www.taxtmi.com/caselaws?id=219401 The Tribunal partly allowed both appeals by setting aside the disallowance of interest income on securities for the broken period, disallowing depreciation on leased assets, allowing entertainment expenses, permitting the loss on unmatured foreign exchange contracts, and directing the computation of bad debt deduction in line with earlier decisions. The Tribunal's decision was based on a detailed analysis and reliance on precedents, resulting in a mixed outcome for the parties involved. en-us Thu, 25 Oct 2012 00:00:00 +0530 Thu, 13 Dec 2012 12:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219401 The Tribunal partly allowed both appeals by setting aside the disallowance of interest income on securities for the broken period, disallowing depreciation on leased assets, allowing entertainment expenses, permitting the loss on unmatured foreign exchange contracts, and directing the computation of bad debt deduction in line with earlier decisions. The Tribunal's decision was based on a detailed analysis and reliance on precedents, resulting in a mixed outcome for the parties involved. Case-Laws Income Tax Thu, 25 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219401