https://www.taxtmi.com/caselaws?id=179890 The Tribunal allowed the assessee's appeal regarding the disallowance of bad debts written-off under Section 36(1)(vii) of the Income Tax Act for both assessment years, directing the AO to delete the entire disallowance. The disallowance of prior period expenditure for the assessment year 2007-08 was upheld, as the expenditure did not relate to the relevant period. The issue of legal and professional charges was remanded back to the AO for fresh adjudication, allowing the assessee to provide necessary supporting material. The appeals of the Revenue were dismissed. en-us Thu, 31 Oct 2013 00:00:00 +0530 Fri, 04 Nov 2016 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179890 The Tribunal allowed the assessee's appeal regarding the disallowance of bad debts written-off under Section 36(1)(vii) of the Income Tax Act for both assessment years, directing the AO to delete the entire disallowance. The disallowance of prior period expenditure for the assessment year 2007-08 was upheld, as the expenditure did not relate to the relevant period. The issue of legal and professional charges was remanded back to the AO for fresh adjudication, allowing the assessee to provide necessary supporting material. The appeals of the Revenue were dismissed. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179890