https://www.taxtmi.com/caselaws?id=256282 The Tribunal allowed cross appeals for the assessment year 2008-09, with the CIT(A) restricting the disallowance of bad debts. For the assessment year 2009-10, the Tribunal remanded the bad debts issue to verify write-offs, dismissing the Revenue's claim on depreciation for assets below Rs. 5000. Ultimately, the Tribunal granted relief to the assessee for 2009-10 and partially allowed the Revenue's appeal. The judgments underscored the importance of verifying actual write-offs for bad debts and addressing specific grounds raised by the parties to ensure compliance with legal provisions and precedents. en-us Wed, 24 Dec 2014 00:00:00 +0530 Wed, 28 Jan 2015 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256282 The Tribunal allowed cross appeals for the assessment year 2008-09, with the CIT(A) restricting the disallowance of bad debts. For the assessment year 2009-10, the Tribunal remanded the bad debts issue to verify write-offs, dismissing the Revenue's claim on depreciation for assets below Rs. 5000. Ultimately, the Tribunal granted relief to the assessee for 2009-10 and partially allowed the Revenue's appeal. The judgments underscored the importance of verifying actual write-offs for bad debts and addressing specific grounds raised by the parties to ensure compliance with legal provisions and precedents. Case-Laws Income Tax Wed, 24 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256282