https://www.taxtmi.com/caselaws?id=254538 The Tribunal ruled in favor of the assessee on various issues including disallowance of Lease Equalization Reserve, disallowance made under section 14A of the Act, and addition of disallowed amount while computing 'Book Profit'. The Tribunal upheld disallowance of claim of 'Provision for Bad debts' and interest claimed under section 36(1)(iii) of the Act. However, issues related to expenditure on clubs and Y2K expenses were remanded for further examination. The Tribunal dismissed the appeals filed by the revenue and treated the appeals filed by the assessee as allowed for statistical purposes. en-us Wed, 17 Dec 2014 00:00:00 +0530 Thu, 25 Dec 2014 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254538 The Tribunal ruled in favor of the assessee on various issues including disallowance of Lease Equalization Reserve, disallowance made under section 14A of the Act, and addition of disallowed amount while computing 'Book Profit'. The Tribunal upheld disallowance of claim of 'Provision for Bad debts' and interest claimed under section 36(1)(iii) of the Act. However, issues related to expenditure on clubs and Y2K expenses were remanded for further examination. The Tribunal dismissed the appeals filed by the revenue and treated the appeals filed by the assessee as allowed for statistical purposes. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254538