https://www.taxtmi.com/caselaws?id=330690 The Tribunal partly allowed the assessee-bank's appeal and dismissed the revenue's appeal regarding disallowances under various sections of the Income-tax Act, including bad debts, depreciation on securities, mark to market losses on derivatives, and sundry assets written off. The Tribunal emphasized the importance of creating requisite reserves in the books for claiming deductions and ruled in favor of the assessee on several grounds, citing relevant case law and precedents. en-us Fri, 22 Jul 2016 00:00:00 +0530 Wed, 03 Aug 2016 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330690 The Tribunal partly allowed the assessee-bank's appeal and dismissed the revenue's appeal regarding disallowances under various sections of the Income-tax Act, including bad debts, depreciation on securities, mark to market losses on derivatives, and sundry assets written off. The Tribunal emphasized the importance of creating requisite reserves in the books for claiming deductions and ruled in favor of the assessee on several grounds, citing relevant case law and precedents. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330690