https://www.taxtmi.com/caselaws?id=283562 The Tribunal partially allowed the assessee's appeals and dismissed the Revenue's appeals. It held that securities held as stock-in-trade are not subject to disallowance under Section 14A. The issue of bad debts recovered was remanded for verification. Disallowance of prior period expenses was deleted due to lack of specific identification. Unclaimed balances in NOSTRO accounts were not considered income based on RBI guidelines. ATMs were treated as computers for depreciation purposes. Unreconciled inter-branch and inter-bank entries were deleted. The Commissioner's revisionary order under Section 263 was quashed. en-us Mon, 28 Mar 2016 00:00:00 +0530 Mon, 30 Sep 2019 09:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283562 The Tribunal partially allowed the assessee's appeals and dismissed the Revenue's appeals. It held that securities held as stock-in-trade are not subject to disallowance under Section 14A. The issue of bad debts recovered was remanded for verification. Disallowance of prior period expenses was deleted due to lack of specific identification. Unclaimed balances in NOSTRO accounts were not considered income based on RBI guidelines. ATMs were treated as computers for depreciation purposes. Unreconciled inter-branch and inter-bank entries were deleted. The Commissioner's revisionary order under Section 263 was quashed. Case-Laws Income Tax Mon, 28 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283562