https://www.taxtmi.com/caselaws?id=281545 The Tribunal allowed the revenue's appeal regarding the exclusion of income of foreign branches, disallowance of broken period interest expenses, and taxability of un-reconciled entries in NOSTRO accounts. However, the Tribunal dismissed the revenue's appeal on disallowance under Section 14A and deduction under Section 36(1)(viia) for provision for bad and doubtful debts, as well as the applicability of Section 115JB of the Income Tax Act. The Tribunal remitted the Section 14A issue back to the Assessing Officer for fresh consideration and directed verification and appropriate action on the deduction under Section 36(1)(viia). en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 24 Jun 2019 20:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281545 The Tribunal allowed the revenue's appeal regarding the exclusion of income of foreign branches, disallowance of broken period interest expenses, and taxability of un-reconciled entries in NOSTRO accounts. However, the Tribunal dismissed the revenue's appeal on disallowance under Section 14A and deduction under Section 36(1)(viia) for provision for bad and doubtful debts, as well as the applicability of Section 115JB of the Income Tax Act. The Tribunal remitted the Section 14A issue back to the Assessing Officer for fresh consideration and directed verification and appropriate action on the deduction under Section 36(1)(viia). Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281545