https://www.taxtmi.com/caselaws?id=351425 The appeal was filed against the disallowance of bad debts claimed by the assessee under Section 36(1)(vii) of the Income Tax Act, 1961. The Tribunal upheld the allowance without requiring the debts to be written off, in line with a Supreme Court decision. Regarding the taxation of dividend income, the Tribunal ruled in favor of the assessee, emphasizing the department's duty not to exploit ignorance and to grant benefits if income is not taxable. The appeal lacked merit, and the Tribunal's decisions were upheld, with no costs awarded. en-us Tue, 21 Nov 2017 00:00:00 +0530 Thu, 23 Nov 2017 22:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351425 The appeal was filed against the disallowance of bad debts claimed by the assessee under Section 36(1)(vii) of the Income Tax Act, 1961. The Tribunal upheld the allowance without requiring the debts to be written off, in line with a Supreme Court decision. Regarding the taxation of dividend income, the Tribunal ruled in favor of the assessee, emphasizing the department's duty not to exploit ignorance and to grant benefits if income is not taxable. The appeal lacked merit, and the Tribunal's decisions were upheld, with no costs awarded. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351425