https://www.taxtmi.com/caselaws?id=391659 The Tribunal allowed the assessee's claims on interest disallowance and depreciation, citing judicial precedents and Supreme Court rulings. It upheld the CIT(A)'s decisions on write-offs and interest disallowance on advances, stressing consistency and adherence to legal principles. The Tribunal directed relief in various instances, including allowing full interest claim from Kenilworth Investments Pvt. Ltd. and deleting disallowances on bad debts and interest expenses. The bifurcation of lease rental income was deemed interconnected with depreciation issues, leading to the dismissal of the revenue's appeal as infructuous. en-us Fri, 01 Nov 2019 00:00:00 +0530 Tue, 04 Feb 2020 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391659 The Tribunal allowed the assessee's claims on interest disallowance and depreciation, citing judicial precedents and Supreme Court rulings. It upheld the CIT(A)'s decisions on write-offs and interest disallowance on advances, stressing consistency and adherence to legal principles. The Tribunal directed relief in various instances, including allowing full interest claim from Kenilworth Investments Pvt. Ltd. and deleting disallowances on bad debts and interest expenses. The bifurcation of lease rental income was deemed interconnected with depreciation issues, leading to the dismissal of the revenue's appeal as infructuous. Case-Laws Income Tax Fri, 01 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391659