https://www.taxtmi.com/caselaws?id=250027 The ITAT upheld the decisions of the ld.CIT(A) concerning the disallowance of bad debts and prior period expenses, dismissing the Revenue's appeal. The disallowance of bad debts was based on the TRF Ltd. case, emphasizing the amendment of section 36(1)(vii) of the Income Tax Act. Regarding prior period expenses, the ITAT supported the partial allowance based on detailed findings by the ld.CIT(A) that were unchallenged by the Revenue. The general grounds of appeal were dismissed without further discussion. en-us Mon, 30 Jun 2014 00:00:00 +0530 Thu, 31 Jul 2014 15:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250027 The ITAT upheld the decisions of the ld.CIT(A) concerning the disallowance of bad debts and prior period expenses, dismissing the Revenue's appeal. The disallowance of bad debts was based on the TRF Ltd. case, emphasizing the amendment of section 36(1)(vii) of the Income Tax Act. Regarding prior period expenses, the ITAT supported the partial allowance based on detailed findings by the ld.CIT(A) that were unchallenged by the Revenue. The general grounds of appeal were dismissed without further discussion. Case-Laws Income Tax Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250027