https://www.taxtmi.com/caselaws?id=412777 The Tribunal addressed multiple issues raised by the appellant in the assessment order for the year 2016-17. The appellant succeeded in challenging the disallowance of bad debts written off by the Assessing Officer, with directions given to verify and potentially allow the deduction. Concerns regarding incorrect assessed income, MAT credit, and advance tax were acknowledged, with the Assessing Officer directed to address the rectification applications. The claim for deduction of education cess was to be reconsidered, and the transfer pricing adjustment on interest outstanding on receivables was set aside for reassessment. The appeal was allowed for statistical purposes. en-us Mon, 20 Sep 2021 00:00:00 +0530 Mon, 27 Sep 2021 07:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412777 The Tribunal addressed multiple issues raised by the appellant in the assessment order for the year 2016-17. The appellant succeeded in challenging the disallowance of bad debts written off by the Assessing Officer, with directions given to verify and potentially allow the deduction. Concerns regarding incorrect assessed income, MAT credit, and advance tax were acknowledged, with the Assessing Officer directed to address the rectification applications. The claim for deduction of education cess was to be reconsidered, and the transfer pricing adjustment on interest outstanding on receivables was set aside for reassessment. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412777