https://www.taxtmi.com/caselaws?id=190826 The appeals were partly allowed for statistical purposes, with various issues being decided in favor of the assessee. The disallowed depreciation on Membership cards of the Bombay Stock Exchange was allowed based on a Supreme Court decision. Bad debts were allowed following an ITAT decision. Expenses disallowed under section 14A were to be re-adjudicated in line with High Court principles. Entrance fee/subscription charges were allowed based on a High Court decision. Depreciation on UPS was increased to 80% per a previous ITAT decision. Deletion of bad debts was upheld, and disallowance under section 40(a)(ia) was partly reversed. en-us Mon, 21 May 2012 00:00:00 +0530 Thu, 02 Mar 2017 17:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190826 The appeals were partly allowed for statistical purposes, with various issues being decided in favor of the assessee. The disallowed depreciation on Membership cards of the Bombay Stock Exchange was allowed based on a Supreme Court decision. Bad debts were allowed following an ITAT decision. Expenses disallowed under section 14A were to be re-adjudicated in line with High Court principles. Entrance fee/subscription charges were allowed based on a High Court decision. Depreciation on UPS was increased to 80% per a previous ITAT decision. Deletion of bad debts was upheld, and disallowance under section 40(a)(ia) was partly reversed. Case-Laws Income Tax Mon, 21 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190826