https://www.taxtmi.com/caselaws?id=251252 The Tribunal partly allowed the appeals, permitting deductions for specific issues based on legal precedents and detailed factual examination. The disallowance for irrecoverable advances and debit balances was partially upheld, with deductions allowed for bad debts written off. Donation disallowance was reduced for donations to the Red Cross Society recognized as business expenditure. Adjustments in royalty payments were deleted, following prior decisions. Provision for obsolescence of inventory was allowed, as were warranty expenses based on scientific basis. Deduction for debit balances written off was permitted, and TDS deduction issue was remanded for further details. The Tribunal stressed adherence to legal principles and factual analysis in decision-making. en-us Wed, 27 Aug 2014 00:00:00 +0530 Tue, 09 Sep 2014 10:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251252 The Tribunal partly allowed the appeals, permitting deductions for specific issues based on legal precedents and detailed factual examination. The disallowance for irrecoverable advances and debit balances was partially upheld, with deductions allowed for bad debts written off. Donation disallowance was reduced for donations to the Red Cross Society recognized as business expenditure. Adjustments in royalty payments were deleted, following prior decisions. Provision for obsolescence of inventory was allowed, as were warranty expenses based on scientific basis. Deduction for debit balances written off was permitted, and TDS deduction issue was remanded for further details. The Tribunal stressed adherence to legal principles and factual analysis in decision-making. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251252