https://www.taxtmi.com/caselaws?id=373247 The court affirmed the deduction of bad and doubtful debts under Section 36(1)(vii) and (viia), favoring the Revenue. It ruled that compliments to shareholders at AGMs qualified as business expenditures. The court upheld Tribunal decisions on write-off claims and bad investments. Regarding Section 14A, it rejected the Revenue's appeal on bad debt disallowance, citing Supreme Court precedent. The court's decisions aimed to maintain consistency in tax law application. en-us Wed, 19 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 08:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373247 The court affirmed the deduction of bad and doubtful debts under Section 36(1)(vii) and (viia), favoring the Revenue. It ruled that compliments to shareholders at AGMs qualified as business expenditures. The court upheld Tribunal decisions on write-off claims and bad investments. Regarding Section 14A, it rejected the Revenue's appeal on bad debt disallowance, citing Supreme Court precedent. The court's decisions aimed to maintain consistency in tax law application. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373247