https://www.taxtmi.com/caselaws?id=275657 The Tribunal partly allowed the appeals, directing the AO to re-adjudicate and verify specific issues. The assessee's contentions on Modvat credit disallowance for A.Y. 2005-06 and 2006-07 were partially accepted. The disallowance under section 14A for expenses related to earning dividend income was remanded for re-adjudication. The claim for leave encashment was to be verified for appropriate relief. The depreciation rate on moulds was allowed at 30%, contrary to the AO's reduction to 25%. The disallowance of bad debts was overturned based on judicial precedents. en-us Wed, 13 Mar 2013 00:00:00 +0530 Thu, 11 Oct 2018 14:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275657 The Tribunal partly allowed the appeals, directing the AO to re-adjudicate and verify specific issues. The assessee's contentions on Modvat credit disallowance for A.Y. 2005-06 and 2006-07 were partially accepted. The disallowance under section 14A for expenses related to earning dividend income was remanded for re-adjudication. The claim for leave encashment was to be verified for appropriate relief. The depreciation rate on moulds was allowed at 30%, contrary to the AO's reduction to 25%. The disallowance of bad debts was overturned based on judicial precedents. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275657