https://www.taxtmi.com/caselaws?id=177891 The Tribunal allowed the assessee's appeal regarding the disallowance of provision for trade guarantees, bad debts, and deletion of addition on account of interest under Section 14A and Rule 8D. The issues were remanded to the Assessing Officer for fresh adjudication based on relevant judicial precedents. The Tribunal directed the AO to verify and withdraw any subsequent year allowances based on actual payments for trade guarantees and to ensure the assessee substantiates claims with evidence for liquidated damages. en-us Wed, 27 Apr 2011 00:00:00 +0530 Thu, 21 Jan 2016 13:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177891 The Tribunal allowed the assessee's appeal regarding the disallowance of provision for trade guarantees, bad debts, and deletion of addition on account of interest under Section 14A and Rule 8D. The issues were remanded to the Assessing Officer for fresh adjudication based on relevant judicial precedents. The Tribunal directed the AO to verify and withdraw any subsequent year allowances based on actual payments for trade guarantees and to ensure the assessee substantiates claims with evidence for liquidated damages. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177891