https://www.taxtmi.com/caselaws?id=187959 The Tribunal partly allowed the appeal, overturning disallowances related to expenses for buyback of shares, bad debts, prior period expenses, and late payment of EPF and ESIC contributions. The Tribunal remanded the issues of gifts to employees and expenses under section 14A back to the AO for fresh consideration. The provision for leave encashment was rejected due to lack of supporting material. The addition of unclaimed credit balances was upheld based on the character of income. The Tribunal emphasized adherence to legal principles and consistency in its detailed analysis. en-us Wed, 08 Dec 2010 00:00:00 +0530 Mon, 14 Nov 2016 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187959 The Tribunal partly allowed the appeal, overturning disallowances related to expenses for buyback of shares, bad debts, prior period expenses, and late payment of EPF and ESIC contributions. The Tribunal remanded the issues of gifts to employees and expenses under section 14A back to the AO for fresh consideration. The provision for leave encashment was rejected due to lack of supporting material. The addition of unclaimed credit balances was upheld based on the character of income. The Tribunal emphasized adherence to legal principles and consistency in its detailed analysis. Case-Laws Income Tax Wed, 08 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187959