https://www.taxtmi.com/caselaws?id=277521 The Tribunal dismissed the Revenue's appeal and partly allowed the Assessee's appeals, affirming the CIT(A)'s decisions on key issues. The Tribunal upheld the Assessee's claim for deduction of bad debts under Section 36(1)(vii), emphasizing the independence of deductions under Sections 36(1)(vii) and 36(1)(viia). It also supported the Assessee's depreciation claim on the valuation of the investment portfolio and allowed credits for additional income tax paid and refund of excess fringe benefit tax. The Tribunal directed the AO to verify and approve legitimate claims for tax credits and refunds. en-us Fri, 31 Oct 2014 00:00:00 +0530 Fri, 07 Dec 2018 06:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277521 The Tribunal dismissed the Revenue's appeal and partly allowed the Assessee's appeals, affirming the CIT(A)'s decisions on key issues. The Tribunal upheld the Assessee's claim for deduction of bad debts under Section 36(1)(vii), emphasizing the independence of deductions under Sections 36(1)(vii) and 36(1)(viia). It also supported the Assessee's depreciation claim on the valuation of the investment portfolio and allowed credits for additional income tax paid and refund of excess fringe benefit tax. The Tribunal directed the AO to verify and approve legitimate claims for tax credits and refunds. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277521