https://www.taxtmi.com/caselaws?id=354623 The appeals of the assessee were allowed for assessment years 2006-07 and 2007-08. The disallowance under section 14A was deemed unwarranted as the interest-free capital exceeded investments. The bad debt claim was accepted as a legitimate business loss due to subsequent recovery. The disallowance of expenditure towards PF payment was overturned as the payments were made before the return filing deadline. Consequently, all grounds of the assessee's appeal were upheld. en-us Fri, 10 Nov 2017 00:00:00 +0530 Thu, 01 Feb 2018 06:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354623 The appeals of the assessee were allowed for assessment years 2006-07 and 2007-08. The disallowance under section 14A was deemed unwarranted as the interest-free capital exceeded investments. The bad debt claim was accepted as a legitimate business loss due to subsequent recovery. The disallowance of expenditure towards PF payment was overturned as the payments were made before the return filing deadline. Consequently, all grounds of the assessee's appeal were upheld. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354623