https://www.taxtmi.com/caselaws?id=257709 The Tribunal remitted the issue of bad debts back to the Assessing Officer for factual examination, giving the assessee another opportunity to substantiate the claim. The deduction under Section 43B for municipal taxes was allowed as the payment was made before the due date of filing the return. The disallowance of various expenses was upheld due to lack of proper supporting details. However, the disallowance of management fees was overturned, emphasizing their commercial expediency. The final outcome allowed the assessee's appeal on bad debts for statistical purposes and partly allowed the revenue's appeal, reinstating some disallowances while upholding others. en-us Thu, 05 Mar 2015 00:00:00 +0530 Wed, 18 Mar 2015 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257709 The Tribunal remitted the issue of bad debts back to the Assessing Officer for factual examination, giving the assessee another opportunity to substantiate the claim. The deduction under Section 43B for municipal taxes was allowed as the payment was made before the due date of filing the return. The disallowance of various expenses was upheld due to lack of proper supporting details. However, the disallowance of management fees was overturned, emphasizing their commercial expediency. The final outcome allowed the assessee's appeal on bad debts for statistical purposes and partly allowed the revenue's appeal, reinstating some disallowances while upholding others. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257709