https://www.taxtmi.com/caselaws?id=264571 The Tribunal directed the AO to re-examine records to avoid double claims. Disallowance of redundant Animation and Software Projects WIP expenditures was subject to exclusion if already considered in depreciation schedules. The Tribunal upheld the allowance of non-collectable Loans & Advances and Bad Debts, contingent on revised financial statement verification. The Revenue's appeal was allowed for statistical purposes, aligning with the CIT(A)'s decisions with specified conditions for expenditure disallowance and bad debts claims. en-us Wed, 02 Sep 2015 00:00:00 +0530 Mon, 28 Sep 2015 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264571 The Tribunal directed the AO to re-examine records to avoid double claims. Disallowance of redundant Animation and Software Projects WIP expenditures was subject to exclusion if already considered in depreciation schedules. The Tribunal upheld the allowance of non-collectable Loans & Advances and Bad Debts, contingent on revised financial statement verification. The Revenue's appeal was allowed for statistical purposes, aligning with the CIT(A)'s decisions with specified conditions for expenditure disallowance and bad debts claims. Case-Laws Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264571