https://www.taxtmi.com/caselaws?id=373507 The Tribunal partly allowed the assessee's appeal by directing the AO to treat interest income as business income, allowing set off of business losses against it, and permitting deductions for bad debts, professional fees, and depreciation. The Tribunal also restricted disallowance under Section 14A to the amount of dividend income and dismissed the Revenue's appeal on Section 57(iii) expenses due to the low tax effect. en-us Fri, 02 Nov 2018 00:00:00 +0530 Mon, 14 Jan 2019 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373507 The Tribunal partly allowed the assessee's appeal by directing the AO to treat interest income as business income, allowing set off of business losses against it, and permitting deductions for bad debts, professional fees, and depreciation. The Tribunal also restricted disallowance under Section 14A to the amount of dividend income and dismissed the Revenue's appeal on Section 57(iii) expenses due to the low tax effect. Case-Laws Income Tax Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373507