https://www.taxtmi.com/caselaws?id=359863 The ITAT Kolkata allowed the appeal on the disallowance of bad debts, directing the AO to permit the claimed amount. However, the disallowance of expenses against Short Term Capital Gains was upheld as not directly related to capital asset transfer. The ITAT acknowledged a misclassification in STCG but directed the AO to address it separately. The appellant's claim for credit of tax at source was dismissed due to lack of presentation during the hearing. The judgment was issued on 03/05/2018, with detailed reasoning on each issue. en-us Thu, 03 May 2018 00:00:00 +0530 Sat, 05 May 2018 08:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359863 The ITAT Kolkata allowed the appeal on the disallowance of bad debts, directing the AO to permit the claimed amount. However, the disallowance of expenses against Short Term Capital Gains was upheld as not directly related to capital asset transfer. The ITAT acknowledged a misclassification in STCG but directed the AO to address it separately. The appellant's claim for credit of tax at source was dismissed due to lack of presentation during the hearing. The judgment was issued on 03/05/2018, with detailed reasoning on each issue. Case-Laws Income Tax Thu, 03 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359863