https://www.taxtmi.com/caselaws?id=298074 The ITAT Mumbai allowed the appellant's appeal regarding the disallowance of bad debts written off and the levy of interest under section 234C of the Act. The ITAT admitted additional evidence for a fair adjudication, setting aside the CIT(A)'s order and remanding the bad debts issue back to the AO. It also directed the AO to reexamine the interest levy based on the appellant's compliance with advance tax payment provisions. The appeal was allowed for statistical purposes, emphasizing the importance of fair opportunities and factual considerations in the judgment delivered on 5th December 2016. en-us Mon, 05 Dec 2016 00:00:00 +0530 Sat, 09 Oct 2021 08:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298074 The ITAT Mumbai allowed the appellant's appeal regarding the disallowance of bad debts written off and the levy of interest under section 234C of the Act. The ITAT admitted additional evidence for a fair adjudication, setting aside the CIT(A)'s order and remanding the bad debts issue back to the AO. It also directed the AO to reexamine the interest levy based on the appellant's compliance with advance tax payment provisions. The appeal was allowed for statistical purposes, emphasizing the importance of fair opportunities and factual considerations in the judgment delivered on 5th December 2016. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298074