https://www.taxtmi.com/caselaws?id=236373 Bank bad debt claims under section 36(1)(viia) required factual verification to ensure no double deduction for urban branches, while the rural branch claim depended on the statutory meaning of "place" and RBI classification; the matter was remanded for verification. Year-end revaluation loss on securities held as stock-in-trade was treated as an allowable business loss, so disallowance of that claim was rejected. Receipt from DICGC also required books-based verification to determine whether it was taxable income or a recovery linked to bad debt. Loss on debentures of CRB Capital was remanded to verify whether it was a trading loss or capital investment loss. Temporary modification of rented premises at Ahmedabad was held to be revenue expenditure, not capital in nature. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sat, 24 Aug 2013 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236373 Bank bad debt claims under section 36(1)(viia) required factual verification to ensure no double deduction for urban branches, while the rural branch claim depended on the statutory meaning of "place" and RBI classification; the matter was remanded for verification. Year-end revaluation loss on securities held as stock-in-trade was treated as an allowable business loss, so disallowance of that claim was rejected. Receipt from DICGC also required books-based verification to determine whether it was taxable income or a recovery linked to bad debt. Loss on debentures of CRB Capital was remanded to verify whether it was a trading loss or capital investment loss. Temporary modification of rented premises at Ahmedabad was held to be revenue expenditure, not capital in nature. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236373