https://www.taxtmi.com/caselaws?id=391382 The Tribunal reversed the CIT(A)'s decision and upheld the AO's disallowance of the deduction claimed by the Assessee under Section 36(1)(viia) of the Income Tax Act, 1961, emphasizing that the provision for bad and doubtful debts must be debited to the profit and loss account. However, the Tribunal upheld the CIT(A)'s ruling regarding the disallowance of interest expenses under Section 40(a)(ia), stating that non-filing of Form No.15G/H by the Assessee did not warrant disallowance. The appeals by the Revenue were partly allowed, and the Assessee's cross-objections were dismissed as infructuous. en-us Thu, 23 Jan 2020 00:00:00 +0530 Wed, 24 Jun 2020 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391382 The Tribunal reversed the CIT(A)'s decision and upheld the AO's disallowance of the deduction claimed by the Assessee under Section 36(1)(viia) of the Income Tax Act, 1961, emphasizing that the provision for bad and doubtful debts must be debited to the profit and loss account. However, the Tribunal upheld the CIT(A)'s ruling regarding the disallowance of interest expenses under Section 40(a)(ia), stating that non-filing of Form No.15G/H by the Assessee did not warrant disallowance. The appeals by the Revenue were partly allowed, and the Assessee's cross-objections were dismissed as infructuous. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391382