https://www.taxtmi.com/caselaws?id=241200 The Tribunal partially allowed the Revenue's appeal by remanding the matter of bad debts back to the Assessing Officer for a fresh decision, limiting the deduction to the recoverable amount from the sale of shares. The deletion of disallowance under section 40(a)(ia) related to transaction charges was reversed, upholding the addition made by the Assessing Officer. The Tribunal dismissed the assessee's cross objection, citing conflicting judgments and emphasizing the disallowance's merit. The decision, pronounced on August 2, 2013, highlighted the importance of adhering to the ratio decidendi of judgments. en-us Fri, 02 Aug 2013 00:00:00 +0530 Tue, 06 Feb 2018 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241200 The Tribunal partially allowed the Revenue's appeal by remanding the matter of bad debts back to the Assessing Officer for a fresh decision, limiting the deduction to the recoverable amount from the sale of shares. The deletion of disallowance under section 40(a)(ia) related to transaction charges was reversed, upholding the addition made by the Assessing Officer. The Tribunal dismissed the assessee's cross objection, citing conflicting judgments and emphasizing the disallowance's merit. The decision, pronounced on August 2, 2013, highlighted the importance of adhering to the ratio decidendi of judgments. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241200