https://www.taxtmi.com/caselaws?id=286459 The ITAT partly allowed the assessee's appeal for statistical purposes, while dismissing the revenue's appeal. The ITAT directed the assessing officer to reexamine certain issues based on previous Tribunal discussions, including the disallowance of lease equalization reserve and provision for diminution in the value of securities. The ITAT confirmed the addition of provision for non-performing assets and depreciation on leased assets, while upholding the disallowance made under section 35D of the Act and interest charged under section 234D. The issue of expenditure incurred on clubs was remanded for fresh examination in light of a Supreme Court decision. en-us Wed, 17 Dec 2014 00:00:00 +0530 Thu, 27 Feb 2020 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286459 The ITAT partly allowed the assessee's appeal for statistical purposes, while dismissing the revenue's appeal. The ITAT directed the assessing officer to reexamine certain issues based on previous Tribunal discussions, including the disallowance of lease equalization reserve and provision for diminution in the value of securities. The ITAT confirmed the addition of provision for non-performing assets and depreciation on leased assets, while upholding the disallowance made under section 35D of the Act and interest charged under section 234D. The issue of expenditure incurred on clubs was remanded for fresh examination in light of a Supreme Court decision. Case-Laws Income Tax Wed, 17 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286459