https://www.taxtmi.com/caselaws?id=393069 The Tribunal partly allowed the appeals by affirming the disallowance of the deduction for bad and doubtful debts and deleting the addition for stale drafts. It upheld the depreciation on investments held to maturity and directed the AO to verify the collection of Form 15G/H for interest payments to grant relief under Section 40(a)(ia). The challenge to the validity of the reassessment order under Section 147 was not addressed as it was deemed academic. en-us Wed, 19 Feb 2020 00:00:00 +0530 Thu, 05 Mar 2020 13:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393069 The Tribunal partly allowed the appeals by affirming the disallowance of the deduction for bad and doubtful debts and deleting the addition for stale drafts. It upheld the depreciation on investments held to maturity and directed the AO to verify the collection of Form 15G/H for interest payments to grant relief under Section 40(a)(ia). The challenge to the validity of the reassessment order under Section 147 was not addressed as it was deemed academic. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393069