https://www.taxtmi.com/caselaws?id=222096 The claim for bad debts by the assessee, a member of stock exchanges, was initially disallowed by the Assessing Officer and the Commissioner of Income Tax (Appeals). The Tribunal directed the Assessing Officer to verify the claim considering certain conditions, including the inclusion of brokerage income in the income computation. The second ground of disallowance under section 14A was dismissed as it was not pursued during the hearing. The appeal was partly allowed based on the decision regarding the disallowance of bad debts. en-us Fri, 15 Feb 2013 00:00:00 +0530 Sat, 30 Mar 2013 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222096 The claim for bad debts by the assessee, a member of stock exchanges, was initially disallowed by the Assessing Officer and the Commissioner of Income Tax (Appeals). The Tribunal directed the Assessing Officer to verify the claim considering certain conditions, including the inclusion of brokerage income in the income computation. The second ground of disallowance under section 14A was dismissed as it was not pursued during the hearing. The appeal was partly allowed based on the decision regarding the disallowance of bad debts. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222096