https://www.taxtmi.com/caselaws?id=274095 The Tribunal allowed the appellant's claim of bad debt as a trading loss, overturning the Assessing Officer's disallowance. The matter of disallowance under Section 14A was remitted for reconsideration regarding interest on an overdraft. Club expenses disallowance was directed for reassessment based on potential business purposes. However, the disallowance of an excess claim under Section 115JB was upheld as agreed upon during assessment. The appeal was partly allowed for statistical purposes, leading to a reassessment of certain disallowances. en-us Fri, 19 Jun 2015 00:00:00 +0530 Sun, 29 Jul 2018 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274095 The Tribunal allowed the appellant's claim of bad debt as a trading loss, overturning the Assessing Officer's disallowance. The matter of disallowance under Section 14A was remitted for reconsideration regarding interest on an overdraft. Club expenses disallowance was directed for reassessment based on potential business purposes. However, the disallowance of an excess claim under Section 115JB was upheld as agreed upon during assessment. The appeal was partly allowed for statistical purposes, leading to a reassessment of certain disallowances. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274095