https://www.taxtmi.com/caselaws?id=338207 The Tribunal partially allowed the assessee's appeal, partly allowed the revenue's appeals, and partly allowed another revenue appeal for statistical purposes. The disallowance under Section 14A was restricted to 1% of exempt income. Advances written off were partly allowed as bad debts and business expenditure. Valuation of closing stock was upheld, and treatment of various income and provisions in book profit computation were decided based on relevant legal provisions and precedents. en-us Wed, 18 Jan 2017 00:00:00 +0530 Sat, 28 Jan 2017 07:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338207 The Tribunal partially allowed the assessee's appeal, partly allowed the revenue's appeals, and partly allowed another revenue appeal for statistical purposes. The disallowance under Section 14A was restricted to 1% of exempt income. Advances written off were partly allowed as bad debts and business expenditure. Valuation of closing stock was upheld, and treatment of various income and provisions in book profit computation were decided based on relevant legal provisions and precedents. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338207