https://www.taxtmi.com/caselaws?id=331346 Section 40(a)(ia) was applied only to expenditure remaining payable at year-end, so amounts actually paid during the same financial year were treated as outside the disallowance. A bad debt claim was allowable on write-off in the books, subject to verification that the related income had been taxed earlier. Higher depreciation was permitted for commercial vehicles used in transport and handling operations where the dominant business was carriage and allied services. Separate additions for branch expenditure were rejected where corresponding receipts from the same seized material had already been taxed, and a search statement under section 132(4) was held insufficient without corroborative incriminating evidence. Depreciation relating to the pre-conversion period was remanded for verification on a pro-rata basis. en-us Wed, 29 Jun 2016 00:00:00 +0530 Fri, 19 Aug 2016 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331346 Section 40(a)(ia) was applied only to expenditure remaining payable at year-end, so amounts actually paid during the same financial year were treated as outside the disallowance. A bad debt claim was allowable on write-off in the books, subject to verification that the related income had been taxed earlier. Higher depreciation was permitted for commercial vehicles used in transport and handling operations where the dominant business was carriage and allied services. Separate additions for branch expenditure were rejected where corresponding receipts from the same seized material had already been taxed, and a search statement under section 132(4) was held insufficient without corroborative incriminating evidence. Depreciation relating to the pre-conversion period was remanded for verification on a pro-rata basis. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331346