https://www.taxtmi.com/caselaws?id=286711 The appeal was allowed regarding the disallowance of the claim of bad debts under section 36(1)(vii) of the Income Tax Act. The appellant successfully argued that the TDS amount withheld by the debtor should be treated as a debt due from the deductor party and can be allowed as a deduction when declared irrecoverable. However, the issue of disallowance under section 14A was partially allowed, with the ITAT remitting the matter back to the Assessing Officer to decide afresh in accordance with the jurisdictional High Court's decision regarding the retrospective application of Rule 8D for computing disallowance. en-us Thu, 30 Sep 2010 00:00:00 +0530 Thu, 12 Mar 2020 10:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286711 The appeal was allowed regarding the disallowance of the claim of bad debts under section 36(1)(vii) of the Income Tax Act. The appellant successfully argued that the TDS amount withheld by the debtor should be treated as a debt due from the deductor party and can be allowed as a deduction when declared irrecoverable. However, the issue of disallowance under section 14A was partially allowed, with the ITAT remitting the matter back to the Assessing Officer to decide afresh in accordance with the jurisdictional High Court's decision regarding the retrospective application of Rule 8D for computing disallowance. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286711