https://www.taxtmi.com/caselaws?id=409951 The appeal was allowed for statistical purposes, and the case was remanded back to the Ld. CIT (A) for fresh adjudication on both issues. The disallowance of bad debts under section 36(1)(vii) and the disallowance of referral fees paid were contested by the appellant. The ITAT directed the Ld. CIT (A) to verify if the interest on the loan was offered to tax and written off as bad debts, and emphasized the need for proper justification and evidence regarding the referral fees paid to Networth Stock Broking Ltd. en-us Mon, 12 Jul 2021 00:00:00 +0530 Wed, 21 Jul 2021 10:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409951 The appeal was allowed for statistical purposes, and the case was remanded back to the Ld. CIT (A) for fresh adjudication on both issues. The disallowance of bad debts under section 36(1)(vii) and the disallowance of referral fees paid were contested by the appellant. The ITAT directed the Ld. CIT (A) to verify if the interest on the loan was offered to tax and written off as bad debts, and emphasized the need for proper justification and evidence regarding the referral fees paid to Networth Stock Broking Ltd. Case-Laws Income Tax Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409951