https://www.taxtmi.com/caselaws?id=372067 The Court ruled in favor of the Revenue regarding the disallowance of bad debts written off under Section 36(1)(vii) and provision for leave encashment under Section 43B(f). However, the Court favored the assessee in the disallowance of expenditure under Section 14A and deduction under Section 35D. The issue of disallowance of bad debts of non-rural Banks written off under Section 36(1)(vii) was decided in favor of the assessee, with a requirement for further examination by the Assessing Officer. The Court sided with the Revenue on the disallowance of expenses relating to a right issue. en-us Tue, 11 Dec 2018 00:00:00 +0530 Thu, 18 Apr 2019 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372067 The Court ruled in favor of the Revenue regarding the disallowance of bad debts written off under Section 36(1)(vii) and provision for leave encashment under Section 43B(f). However, the Court favored the assessee in the disallowance of expenditure under Section 14A and deduction under Section 35D. The issue of disallowance of bad debts of non-rural Banks written off under Section 36(1)(vii) was decided in favor of the assessee, with a requirement for further examination by the Assessing Officer. The Court sided with the Revenue on the disallowance of expenses relating to a right issue. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372067