https://www.taxtmi.com/caselaws?id=419427 The Tribunal ruled in favor of the assessee in a tax dispute involving the addition of interest income on farmers' loans, disallowance of farmers' loan and interest written off, and disallowance of soil conservation expenses. The Tribunal deleted the addition of interest income of Rs. 6.14 crores, allowed the write-off of interest as bad debts, remanded the principal write-off for further verification, and reduced the disallowance of soil conservation expenses to Rs. 5 lacs. Appeals for the assessment years 2008-09 and 2012-13 were also allowed based on similar grounds. en-us Wed, 23 Feb 2022 00:00:00 +0530 Wed, 09 Mar 2022 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419427 The Tribunal ruled in favor of the assessee in a tax dispute involving the addition of interest income on farmers' loans, disallowance of farmers' loan and interest written off, and disallowance of soil conservation expenses. The Tribunal deleted the addition of interest income of Rs. 6.14 crores, allowed the write-off of interest as bad debts, remanded the principal write-off for further verification, and reduced the disallowance of soil conservation expenses to Rs. 5 lacs. Appeals for the assessment years 2008-09 and 2012-13 were also allowed based on similar grounds. Case-Laws Income Tax Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419427