https://www.taxtmi.com/caselaws?id=402457 The Tribunal partially allowed the appeal, focusing on the disallowance of bad debts and treatment of interest income. The Tribunal directed the Assessing Officer to verify the bad debt claim and treat the interest income as business income. The appellant was granted an opportunity to provide necessary information for verification. The issue of disallowance of loss was not specifically addressed, but relief was granted on other grounds, indicating indirect consideration of the issue. en-us Tue, 01 Dec 2020 00:00:00 +0530 Fri, 01 Jan 2021 20:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402457 The Tribunal partially allowed the appeal, focusing on the disallowance of bad debts and treatment of interest income. The Tribunal directed the Assessing Officer to verify the bad debt claim and treat the interest income as business income. The appellant was granted an opportunity to provide necessary information for verification. The issue of disallowance of loss was not specifically addressed, but relief was granted on other grounds, indicating indirect consideration of the issue. Case-Laws Income Tax Tue, 01 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402457