https://www.taxtmi.com/caselaws?id=401252 The court addressed multiple issues related to income tax assessments, including the maintenance of separate accounts for STP units, double deduction under Section 10A, treatment of expenses for Section 10A deduction, write-off of bad debts, and allowance of bad debt write-off. The court emphasized the necessity of specific findings on the write-off of bad debts as irrecoverable in the accounts before allowing deductions, remitting the matters back to the tribunal for further examination. The judgment highlighted the importance of aligning with legal provisions and precedents in determining deductions and allowances under the Income Tax Act. en-us Tue, 03 Nov 2020 00:00:00 +0530 Wed, 02 Dec 2020 18:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401252 The court addressed multiple issues related to income tax assessments, including the maintenance of separate accounts for STP units, double deduction under Section 10A, treatment of expenses for Section 10A deduction, write-off of bad debts, and allowance of bad debt write-off. The court emphasized the necessity of specific findings on the write-off of bad debts as irrecoverable in the accounts before allowing deductions, remitting the matters back to the tribunal for further examination. The judgment highlighted the importance of aligning with legal provisions and precedents in determining deductions and allowances under the Income Tax Act. Case-Laws Income Tax Tue, 03 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401252