https://www.taxtmi.com/caselaws?id=404359 The appeal filed by the assessee was partly allowed, with various issues remanded back to the Assessing Officer for reevaluation. The Revenue's appeal was dismissed as withdrawn due to the tax effect falling below the specified monetary limit. Key outcomes included the disallowance of provision for bad and doubtful debts under section 115JB being reconsidered, payment to Tata Sons Limited being allowed as a deductible expense, and the exclusion of interest expenses towards dividend income being negated. en-us Fri, 19 Feb 2021 00:00:00 +0530 Sat, 20 Feb 2021 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404359 The appeal filed by the assessee was partly allowed, with various issues remanded back to the Assessing Officer for reevaluation. The Revenue's appeal was dismissed as withdrawn due to the tax effect falling below the specified monetary limit. Key outcomes included the disallowance of provision for bad and doubtful debts under section 115JB being reconsidered, payment to Tata Sons Limited being allowed as a deductible expense, and the exclusion of interest expenses towards dividend income being negated. Case-Laws Income Tax Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404359