https://www.taxtmi.com/caselaws?id=331889 The Tribunal partially allowed the appeals concerning various tax issues for different assessment years. Disallowance of interest expenditure was restricted to 10% of dividend income for AY 2000-01 and 2001-02. Income reversal as bad debts was allowed based on the write-off in accounts. Disallowance of investments written off was upheld for AY 2000-01. The addition of notional interest was remitted for fresh examination. Disallowance of income tax depreciation on leased assets was allowed for multiple years. Long term capital gains and losses were dismissed for AY 2000-01. Penalty proceedings were deemed premature for AY 2003-04 and 2007-08 due to no penalty imposition. en-us Fri, 26 Aug 2016 00:00:00 +0530 Mon, 05 Sep 2016 12:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331889 The Tribunal partially allowed the appeals concerning various tax issues for different assessment years. Disallowance of interest expenditure was restricted to 10% of dividend income for AY 2000-01 and 2001-02. Income reversal as bad debts was allowed based on the write-off in accounts. Disallowance of investments written off was upheld for AY 2000-01. The addition of notional interest was remitted for fresh examination. Disallowance of income tax depreciation on leased assets was allowed for multiple years. Long term capital gains and losses were dismissed for AY 2000-01. Penalty proceedings were deemed premature for AY 2003-04 and 2007-08 due to no penalty imposition. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331889