https://www.taxtmi.com/caselaws?id=390508 The Tribunal upheld the decisions of the lower authorities in a case involving disallowances under the Income-tax Act, 1961. The disallowance under Section 14A was deemed unwarranted as there was no exempt income earned by the assessee. The disallowance of a bad debt was ruled in favor of the assessee, allowing the write-off as the amount was considered irrecoverable. Additionally, the disallowance of a provision for leave encashment was upheld due to a stay granted by the Apex Court, maintaining the applicability of Section 43B(f) of the Act. Both the Revenue's appeal and the assessee's cross-objection were dismissed. en-us Wed, 04 Dec 2019 00:00:00 +0530 Fri, 03 Jan 2020 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390508 The Tribunal upheld the decisions of the lower authorities in a case involving disallowances under the Income-tax Act, 1961. The disallowance under Section 14A was deemed unwarranted as there was no exempt income earned by the assessee. The disallowance of a bad debt was ruled in favor of the assessee, allowing the write-off as the amount was considered irrecoverable. Additionally, the disallowance of a provision for leave encashment was upheld due to a stay granted by the Apex Court, maintaining the applicability of Section 43B(f) of the Act. Both the Revenue's appeal and the assessee's cross-objection were dismissed. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390508