https://www.taxtmi.com/caselaws?id=281885 The Tribunal allowed the claim of Rs. 71.38 lakhs for bad debts, disallowing the amount due from sister concerns. The Tribunal directed the AO to allow depreciation on Electrical fittings at 25% instead of 15%. It also allowed the carry forward of business losses and unabsorbed depreciation. The disallowance under section 14A was computed on a reasonable basis. The appeal regarding interest under section 234D was dismissed. The Tribunal upheld the CIT(A)'s decision on bad debts claim, partly allowing the assessee's appeal and dismissing the revenue's appeal for the assessment year 2003-04. en-us Fri, 06 Jul 2018 00:00:00 +0530 Thu, 11 Jul 2019 05:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281885 The Tribunal allowed the claim of Rs. 71.38 lakhs for bad debts, disallowing the amount due from sister concerns. The Tribunal directed the AO to allow depreciation on Electrical fittings at 25% instead of 15%. It also allowed the carry forward of business losses and unabsorbed depreciation. The disallowance under section 14A was computed on a reasonable basis. The appeal regarding interest under section 234D was dismissed. The Tribunal upheld the CIT(A)'s decision on bad debts claim, partly allowing the assessee's appeal and dismissing the revenue's appeal for the assessment year 2003-04. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281885