https://www.taxtmi.com/caselaws?id=343797 The Tribunal upheld the decisions in favor of the assessee in various issues including the allowance of unabsorbed depreciation brought forward, deletion of additions on staff welfare expenses, gain on settlement of loan, additional depreciation on interest capitalized, bad debts written off, computation of book profit, and disallowance of expenses under sections 40A(9), 36(1), 28(iv), 115JB, and 14A. The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross-objection, directing the AO to recompute disallowances and deductions as per the Tribunal's guidance. en-us Fri, 26 May 2017 00:00:00 +0530 Fri, 02 Jun 2017 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343797 The Tribunal upheld the decisions in favor of the assessee in various issues including the allowance of unabsorbed depreciation brought forward, deletion of additions on staff welfare expenses, gain on settlement of loan, additional depreciation on interest capitalized, bad debts written off, computation of book profit, and disallowance of expenses under sections 40A(9), 36(1), 28(iv), 115JB, and 14A. The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross-objection, directing the AO to recompute disallowances and deductions as per the Tribunal's guidance. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343797