https://www.taxtmi.com/caselaws?id=221560 The Tribunal's consolidated order addressed various tax issues for different assessment years, consistently favoring the assessee by allowing deductions based on established legal principles and precedents. The Tribunal overturned AO decisions on bad debts, broken period interest, depreciation on securities, entertainment expenses, loss on forward exchange contracts, exemption u/s.10, deduction u/s.80M, and charging of interest u/s.201(1A), directing fresh computations in line with judicial rulings. The Tribunal dismissed disallowances under u/s.35D and noted the set off of unabsorbed depreciation/carried forward loss as consequential without further action. en-us Wed, 23 Feb 2011 00:00:00 +0530 Fri, 31 May 2013 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221560 The Tribunal's consolidated order addressed various tax issues for different assessment years, consistently favoring the assessee by allowing deductions based on established legal principles and precedents. The Tribunal overturned AO decisions on bad debts, broken period interest, depreciation on securities, entertainment expenses, loss on forward exchange contracts, exemption u/s.10, deduction u/s.80M, and charging of interest u/s.201(1A), directing fresh computations in line with judicial rulings. The Tribunal dismissed disallowances under u/s.35D and noted the set off of unabsorbed depreciation/carried forward loss as consequential without further action. Case-Laws Income Tax Wed, 23 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221560