https://www.taxtmi.com/caselaws?id=260252 The Tribunal partly allowed the Revenue's appeals for the assessment years 2006-07 and 2007-08, restoring the Assessing Officer's decisions on certain issues while upholding the CIT(A)'s decisions on others. The Tribunal held that security deposits with government departments cannot be treated as bad debts or irrecoverable, considered leasehold rights separately from section 50C, and allowed deductions for advances written off in specific circumstances. en-us Fri, 29 May 2015 00:00:00 +0530 Sat, 06 Jun 2015 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260252 The Tribunal partly allowed the Revenue's appeals for the assessment years 2006-07 and 2007-08, restoring the Assessing Officer's decisions on certain issues while upholding the CIT(A)'s decisions on others. The Tribunal held that security deposits with government departments cannot be treated as bad debts or irrecoverable, considered leasehold rights separately from section 50C, and allowed deductions for advances written off in specific circumstances. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260252