https://www.taxtmi.com/caselaws?id=326534 The ITAT Mumbai allowed the banking company's claims for bad debts written off, interest expenditure on tax-free income, and depreciation on leased assets based on legal precedents and circulars. The issue of disallowance under section 14A of the Act was remanded for further examination. The disallowance of broken period interest was upheld. The ITAT's decisions partially allowed the assessee's appeals and dismissed the revenue's appeals, modifying the CIT(A) orders accordingly. en-us Wed, 02 Mar 2016 00:00:00 +0530 Mon, 04 Apr 2016 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326534 The ITAT Mumbai allowed the banking company's claims for bad debts written off, interest expenditure on tax-free income, and depreciation on leased assets based on legal precedents and circulars. The issue of disallowance under section 14A of the Act was remanded for further examination. The disallowance of broken period interest was upheld. The ITAT's decisions partially allowed the assessee's appeals and dismissed the revenue's appeals, modifying the CIT(A) orders accordingly. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326534