https://www.taxtmi.com/caselaws?id=178963 The appeals for both assessment years were partly allowed, with several issues set aside to the Assessing Officer for reconsideration and verification in line with earlier Tribunal decisions and legal precedents. Key points include the allowance of provision for diminution in value of investment, partial confirmation of disallowance under section 14A, allowance of bad debts written off to a certain extent, and the allowance of higher depreciation on vehicles given on lease based on previous decisions. The Assessing Officer was directed to make decisions on interest charged under sections 234B, 234C, and 234D as per law. en-us Fri, 28 Dec 2012 00:00:00 +0530 Wed, 17 Feb 2016 10:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178963 The appeals for both assessment years were partly allowed, with several issues set aside to the Assessing Officer for reconsideration and verification in line with earlier Tribunal decisions and legal precedents. Key points include the allowance of provision for diminution in value of investment, partial confirmation of disallowance under section 14A, allowance of bad debts written off to a certain extent, and the allowance of higher depreciation on vehicles given on lease based on previous decisions. The Assessing Officer was directed to make decisions on interest charged under sections 234B, 234C, and 234D as per law. Case-Laws Income Tax Fri, 28 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178963