https://www.taxtmi.com/caselaws?id=350484 The Tribunal upheld the first appellate authority's decisions in both issues, dismissing the Revenue's appeal entirely. The disallowance of repair and maintenance expenses was deleted as the Revenue failed to prove the capital nature of the expenditure. Additionally, the bad debt claim was allowed, emphasizing that trading losses are eligible for deduction even if not classified as bad debts. en-us Tue, 28 Feb 2017 00:00:00 +0530 Tue, 07 Nov 2017 06:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350484 The Tribunal upheld the first appellate authority's decisions in both issues, dismissing the Revenue's appeal entirely. The disallowance of repair and maintenance expenses was deleted as the Revenue failed to prove the capital nature of the expenditure. Additionally, the bad debt claim was allowed, emphasizing that trading losses are eligible for deduction even if not classified as bad debts. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350484