https://www.taxtmi.com/caselaws?id=361533 The Tribunal ruled in favor of the assessee on multiple tax-related issues. The disallowance under Rule 8D for expenses related to tax-exempt dividend income was deleted due to the AO's failure to provide sufficient reasons for rejecting the assessee's suo-moto disallowance. The issue of provision for leave encashment was remanded for fresh adjudication. The claim for bad debts written off was allowed as deduction based on supporting evidence. The revenue's appeal on interest levy was dismissed, resulting in partial allowance of the assessee's appeal. en-us Fri, 01 Jun 2018 00:00:00 +0530 Fri, 08 Jun 2018 09:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361533 The Tribunal ruled in favor of the assessee on multiple tax-related issues. The disallowance under Rule 8D for expenses related to tax-exempt dividend income was deleted due to the AO's failure to provide sufficient reasons for rejecting the assessee's suo-moto disallowance. The issue of provision for leave encashment was remanded for fresh adjudication. The claim for bad debts written off was allowed as deduction based on supporting evidence. The revenue's appeal on interest levy was dismissed, resulting in partial allowance of the assessee's appeal. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361533