https://www.taxtmi.com/caselaws?id=182199 The Tribunal upheld the deletion of disallowance of bad debts written off, considered only net interest income for exclusion in computing eligible profit u/s 80IA, confirmed interest income assessment under 'income from other sources', directed consideration of actual bad debts written off for computing book profits u/s 115JB, and computed interest u/s 234D prospectively from 1.6.2003. The Tribunal rejected premature penalty proceedings under section 271(1)(c) and directed the AO to address concerns of double taxation related to bad debts. The Tribunal partly allowed appeals and cross-objections, instructing specific computations by the AO. en-us Fri, 12 Nov 2010 00:00:00 +0530 Wed, 04 May 2016 17:53:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182199 The Tribunal upheld the deletion of disallowance of bad debts written off, considered only net interest income for exclusion in computing eligible profit u/s 80IA, confirmed interest income assessment under 'income from other sources', directed consideration of actual bad debts written off for computing book profits u/s 115JB, and computed interest u/s 234D prospectively from 1.6.2003. The Tribunal rejected premature penalty proceedings under section 271(1)(c) and directed the AO to address concerns of double taxation related to bad debts. The Tribunal partly allowed appeals and cross-objections, instructing specific computations by the AO. Case-Laws Income Tax Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182199