https://www.taxtmi.com/caselaws?id=358768 The Tribunal allowed the assessee's appeals for certain assessment years, partially allowing for some and fully allowing for others. The appeals of the revenue department were dismissed in their entirety. Key points included the allowance of speculation loss as non-speculative business loss, the deduction of bad debts for both principal and interest amounts, the deletion of disallowances under Section 14A, and the rejection of additions to book profit under Section 115JB. The Tribunal also upheld the allowance of business expenditure deductions and made decisions regarding interest on non-performing assets based on recovery possibilities and compliance with regulatory guidelines. en-us Mon, 16 Apr 2018 00:00:00 +0530 Wed, 18 Apr 2018 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358768 The Tribunal allowed the assessee's appeals for certain assessment years, partially allowing for some and fully allowing for others. The appeals of the revenue department were dismissed in their entirety. Key points included the allowance of speculation loss as non-speculative business loss, the deduction of bad debts for both principal and interest amounts, the deletion of disallowances under Section 14A, and the rejection of additions to book profit under Section 115JB. The Tribunal also upheld the allowance of business expenditure deductions and made decisions regarding interest on non-performing assets based on recovery possibilities and compliance with regulatory guidelines. Case-Laws Income Tax Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358768