https://www.taxtmi.com/caselaws?id=404661 The High Court set aside the Tribunal's order denying bad debts allowance to a real estate partnership firm. The Court found errors in the Tribunal's decision, especially regarding depreciation, and remanded the matter for fresh consideration. The Court also directed a re-examination of issues related to the latest return for bad debts deduction, validity of assessment under Section 153C, failure to file a return under Section 153C, jurisdiction under Section 148, disallowance of a Miscellaneous Petition under Section 254(2), and adjudication of interest under Sections 234A, 234B, and 234C. en-us Fri, 05 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 11:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404661 The High Court set aside the Tribunal's order denying bad debts allowance to a real estate partnership firm. The Court found errors in the Tribunal's decision, especially regarding depreciation, and remanded the matter for fresh consideration. The Court also directed a re-examination of issues related to the latest return for bad debts deduction, validity of assessment under Section 153C, failure to file a return under Section 153C, jurisdiction under Section 148, disallowance of a Miscellaneous Petition under Section 254(2), and adjudication of interest under Sections 234A, 234B, and 234C. Case-Laws Income Tax Fri, 05 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404661