https://www.taxtmi.com/caselaws?id=251321 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to re-examine the deduction claimed under Section 35D for public issue expenses. The disallowance under Section 14A read with Rule 8D was partly upheld for administrative expenses. The Tribunal confirmed that Section 115JB does not apply to banks, rendering related grounds academic. The Revenue's appeal on bad debts write-off was dismissed. Issues regarding unmatured forex contracts, book profit computation, and rebate under Section 88E were also decided in favor of the assessee. The cross-objection linked to bad debts write-off was dismissed as well. en-us Wed, 09 Apr 2014 00:00:00 +0530 Thu, 11 Sep 2014 07:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251321 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to re-examine the deduction claimed under Section 35D for public issue expenses. The disallowance under Section 14A read with Rule 8D was partly upheld for administrative expenses. The Tribunal confirmed that Section 115JB does not apply to banks, rendering related grounds academic. The Revenue's appeal on bad debts write-off was dismissed. Issues regarding unmatured forex contracts, book profit computation, and rebate under Section 88E were also decided in favor of the assessee. The cross-objection linked to bad debts write-off was dismissed as well. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251321