https://www.taxtmi.com/caselaws?id=238020 The Tribunal partly allowed both appeals of the assessee. It allowed the claim of bad debt for loss on repossessed assets, holding that the loss was incurred in the business of financing and lending. Additionally, the Tribunal directed a re-examination of the disallowance of expenses under section 14A without applying Rule 8D, following the principles laid down by the High Court of Bombay. en-us Mon, 30 Sep 2013 00:00:00 +0530 Mon, 14 Oct 2013 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238020 The Tribunal partly allowed both appeals of the assessee. It allowed the claim of bad debt for loss on repossessed assets, holding that the loss was incurred in the business of financing and lending. Additionally, the Tribunal directed a re-examination of the disallowance of expenses under section 14A without applying Rule 8D, following the principles laid down by the High Court of Bombay. Case-Laws Income Tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238020