https://www.taxtmi.com/caselaws?id=325742 The Tribunal remitted the disallowance of prior year's advertisement expenses for determination of crystallization of liability. The appeal succeeded for statistical purposes. The disallowance of bad debts was contested, with the Tribunal allowing the deduction for debts written off and considering certain amounts as business losses. The disallowance under Section 35D for expenses on Global Depository Receipts was dismissed, clarifying the amortization of capital expenses over ten years. The Tribunal partially allowed the cross appeals, providing detailed reasoning and legal interpretations for each issue, ensuring a comprehensive adjudication. en-us Mon, 29 Feb 2016 00:00:00 +0530 Mon, 28 Mar 2016 07:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325742 The Tribunal remitted the disallowance of prior year's advertisement expenses for determination of crystallization of liability. The appeal succeeded for statistical purposes. The disallowance of bad debts was contested, with the Tribunal allowing the deduction for debts written off and considering certain amounts as business losses. The disallowance under Section 35D for expenses on Global Depository Receipts was dismissed, clarifying the amortization of capital expenses over ten years. The Tribunal partially allowed the cross appeals, providing detailed reasoning and legal interpretations for each issue, ensuring a comprehensive adjudication. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325742