https://www.taxtmi.com/caselaws?id=373850 The Tribunal allowed the appeal, overturning the CIT(A)'s decisions on the partial denial of exemption under section 10AA and the disallowance of bad debts. It held that the SEZ Act supersedes the Income Tax Act, making the appellant eligible for exemption. Additionally, it found the bad debts written off were valid under section 36(1)(vii). The Tribunal ruled in favor of the appellant on all contested grounds, emphasizing the statutory provisions and precedents supporting their position. The order was issued on 18th January 2019. en-us Fri, 18 Jan 2019 00:00:00 +0530 Mon, 21 Jan 2019 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373850 The Tribunal allowed the appeal, overturning the CIT(A)'s decisions on the partial denial of exemption under section 10AA and the disallowance of bad debts. It held that the SEZ Act supersedes the Income Tax Act, making the appellant eligible for exemption. Additionally, it found the bad debts written off were valid under section 36(1)(vii). The Tribunal ruled in favor of the appellant on all contested grounds, emphasizing the statutory provisions and precedents supporting their position. The order was issued on 18th January 2019. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373850