https://www.taxtmi.com/caselaws?id=254958 The Tribunal upheld the CIT(A)'s decision to delete additions on share application money and disallowances under Section 14A for years lacking exempt income. It also confirmed the allowance of bad debt written off and directed the AO to remove disallowances on repair and maintenance expenses. The issue of depreciation on health equipment was sent back for further review, while the disallowance of consultancy fees was upheld. The challenge to the validity of proceedings under Section 153A and/or 143(2) was withdrawn and dismissed by the Tribunal. en-us Tue, 30 Sep 2014 00:00:00 +0530 Mon, 05 Jan 2015 06:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254958 The Tribunal upheld the CIT(A)'s decision to delete additions on share application money and disallowances under Section 14A for years lacking exempt income. It also confirmed the allowance of bad debt written off and directed the AO to remove disallowances on repair and maintenance expenses. The issue of depreciation on health equipment was sent back for further review, while the disallowance of consultancy fees was upheld. The challenge to the validity of proceedings under Section 153A and/or 143(2) was withdrawn and dismissed by the Tribunal. Case-Laws Income Tax Tue, 30 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254958