https://www.taxtmi.com/caselaws?id=403696 HC held that disallowance under s.14A is not permissible while computing book profit under s.115JB, affirming the Tribunal's view. The Tribunal was also upheld in allowing write-off of bad debts: once debts are written off in the books they are allowable without requiring proof that debts had actually become irrecoverable, and it is irrelevant whether the creditor paid taxes or advanced fresh loans. The HC allowed the appeal deleting the bad-debt disallowance and held that none of the three raised questions constituted substantial questions of law under s.260A. en-us Thu, 21 Jan 2021 00:00:00 +0530 Thu, 18 Sep 2025 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403696 HC held that disallowance under s.14A is not permissible while computing book profit under s.115JB, affirming the Tribunal's view. The Tribunal was also upheld in allowing write-off of bad debts: once debts are written off in the books they are allowable without requiring proof that debts had actually become irrecoverable, and it is irrelevant whether the creditor paid taxes or advanced fresh loans. The HC allowed the appeal deleting the bad-debt disallowance and held that none of the three raised questions constituted substantial questions of law under s.260A. Case-Laws Income Tax Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403696