https://www.taxtmi.com/caselaws?id=181335 The appeals by the assessee regarding disallowance under section 14A were partly allowed for statistical purposes. The claims for bad debts were allowed subject to the requirements of section 36(2). The exclusion of income earned by foreign branches was dismissed for the assessment years 2005-06 and 2006-07 but allowed for 2007-08. The disallowance of staff welfare expenses was dismissed, with the expenses being recognized as business expenditure under section 37(1). en-us Fri, 25 Jul 2014 00:00:00 +0530 Wed, 13 Apr 2016 18:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181335 The appeals by the assessee regarding disallowance under section 14A were partly allowed for statistical purposes. The claims for bad debts were allowed subject to the requirements of section 36(2). The exclusion of income earned by foreign branches was dismissed for the assessment years 2005-06 and 2006-07 but allowed for 2007-08. The disallowance of staff welfare expenses was dismissed, with the expenses being recognized as business expenditure under section 37(1). Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181335