https://www.taxtmi.com/caselaws?id=348597 The High Court set aside the Tribunal's decision disallowing prior period expenses and bad debt claims by the appellant, a sub-broker. Emphasizing the requirements of Section 36 of the Income Tax Act, the Court directed a fresh consideration by the Tribunal, allowing the appellant to provide additional evidence if necessary. The judgment underscores the importance of meeting statutory criteria for deductions and ensuring a fair opportunity for the assessee to present their case. en-us Thu, 24 Aug 2017 00:00:00 +0530 Mon, 25 Sep 2017 07:21:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348597 The High Court set aside the Tribunal's decision disallowing prior period expenses and bad debt claims by the appellant, a sub-broker. Emphasizing the requirements of Section 36 of the Income Tax Act, the Court directed a fresh consideration by the Tribunal, allowing the appellant to provide additional evidence if necessary. The judgment underscores the importance of meeting statutory criteria for deductions and ensuring a fair opportunity for the assessee to present their case. Case-Laws Income Tax Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348597