https://www.taxtmi.com/caselaws?id=245770 The Court ruled in favor of the Revenue on the disallowance of the provision for bad and doubtful debts under Sec.36(1)(viia) of the Income Tax Act, overturning the Tribunal's initial decision in favor of the assessee. However, the Court upheld the Tribunal's decision regarding the entitlement to depreciation on investments on securities and the treatment of interest credited to the P/L account as income. The judgment considered relevant legal precedents and provided a balanced outcome on these significant tax issues. en-us Fri, 10 Jan 2014 00:00:00 +0530 Sun, 06 Apr 2014 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245770 The Court ruled in favor of the Revenue on the disallowance of the provision for bad and doubtful debts under Sec.36(1)(viia) of the Income Tax Act, overturning the Tribunal's initial decision in favor of the assessee. However, the Court upheld the Tribunal's decision regarding the entitlement to depreciation on investments on securities and the treatment of interest credited to the P/L account as income. The judgment considered relevant legal precedents and provided a balanced outcome on these significant tax issues. Case-Laws Income Tax Fri, 10 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245770