https://www.taxtmi.com/caselaws?id=236802 A bank's bad-debt claim for non-rural branches under section 36(1)(vii) was treated as a legal claim requiring verification of the actual write-off and accounting treatment, so the matter was restored for fresh examination. The section 14A disallowance was also sent back for reconsideration under the governing principles for identifying expenditure relatable to exempt income. By contrast, interest on long-term finance to an approved infrastructure enterprise was held eligible for section 10(23G) exemption despite the assessee being a banking company, and LAN/WAN equipment was treated as part of the computer system, qualifying for depreciation at the computer rate. en-us Fri, 15 Mar 2013 00:00:00 +0530 Mon, 09 Sep 2013 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236802 A bank's bad-debt claim for non-rural branches under section 36(1)(vii) was treated as a legal claim requiring verification of the actual write-off and accounting treatment, so the matter was restored for fresh examination. The section 14A disallowance was also sent back for reconsideration under the governing principles for identifying expenditure relatable to exempt income. By contrast, interest on long-term finance to an approved infrastructure enterprise was held eligible for section 10(23G) exemption despite the assessee being a banking company, and LAN/WAN equipment was treated as part of the computer system, qualifying for depreciation at the computer rate. Case-Laws Income Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236802