https://www.taxtmi.com/caselaws?id=195960 The High Court upheld the Tribunal's decisions in favor of the assessee regarding foreign exchange fluctuation loss, provision for bad and doubtful debts, and the nature of building expenses. The recovery of common services and the classification of rent as business income were also ruled in favor of the assessee. However, the issue of excluding the provision for bad and doubtful debts for Section 115JA was remitted back to the Tribunal for reconsideration in light of recent legal developments. All three appeals were disposed of accordingly. en-us Wed, 03 May 2017 00:00:00 +0530 Wed, 29 Nov 2017 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195960 The High Court upheld the Tribunal's decisions in favor of the assessee regarding foreign exchange fluctuation loss, provision for bad and doubtful debts, and the nature of building expenses. The recovery of common services and the classification of rent as business income were also ruled in favor of the assessee. However, the issue of excluding the provision for bad and doubtful debts for Section 115JA was remitted back to the Tribunal for reconsideration in light of recent legal developments. All three appeals were disposed of accordingly. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195960