https://www.taxtmi.com/caselaws?id=272242 The Tribunal partly allowed the assessee's appeal, deleting the addition of Rs. 4,38,395 for bad debts written off, disallowance of the advance received from Tips Industries of Rs. 25,00,000, and directed de-novo determination for disallowance of depreciation claimed and treatment of properties as deemed let out. The Tribunal dismissed the Revenue's appeal due to the tax effect being less than Rs. 10 lakhs, following CBDT Circular No. 21/2015. Overall, detailed directions were provided for proper consideration of evidence and adherence to legal principles in the case. en-us Thu, 25 Feb 2016 00:00:00 +0530 Fri, 13 May 2016 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272242 The Tribunal partly allowed the assessee's appeal, deleting the addition of Rs. 4,38,395 for bad debts written off, disallowance of the advance received from Tips Industries of Rs. 25,00,000, and directed de-novo determination for disallowance of depreciation claimed and treatment of properties as deemed let out. The Tribunal dismissed the Revenue's appeal due to the tax effect being less than Rs. 10 lakhs, following CBDT Circular No. 21/2015. Overall, detailed directions were provided for proper consideration of evidence and adherence to legal principles in the case. Case-Laws Income Tax Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272242