https://www.taxtmi.com/caselaws?id=383558 The Tribunal dismissed the Revenue's appeal regarding the disallowance of bad debts written off and upheld the Commissioner's decision to delete the disallowance. The Tribunal directed the Assessing Officer to verify the claim of disallowance of administrative expenses and the treatment of provision for diminution in the value of quoted shares. The issue of set off/carry forward of brought forward losses and unabsorbed depreciation was sent back to the Assessing Officer for further verification. The assessee's appeal was treated as allowed for statistical purposes, with specific directions for verification and decisions on the raised issues. en-us Wed, 24 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383558 The Tribunal dismissed the Revenue's appeal regarding the disallowance of bad debts written off and upheld the Commissioner's decision to delete the disallowance. The Tribunal directed the Assessing Officer to verify the claim of disallowance of administrative expenses and the treatment of provision for diminution in the value of quoted shares. The issue of set off/carry forward of brought forward losses and unabsorbed depreciation was sent back to the Assessing Officer for further verification. The assessee's appeal was treated as allowed for statistical purposes, with specific directions for verification and decisions on the raised issues. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383558