https://www.taxtmi.com/caselaws?id=419433 The Tribunal partly upheld the Pr. CIT's order regarding the deduction claimed under section 36(1)(viii) for correct lease rental income and interest on income tax refunds. However, it rejected the Pr. CIT's decision on treating loss on repossessed vehicles as bad debts and non-disallowance of unpaid leave encashment, deeming them time-barred for revision as they were part of the original assessment. Consequently, the appellant's appeal was partially successful. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 08:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419433 The Tribunal partly upheld the Pr. CIT's order regarding the deduction claimed under section 36(1)(viii) for correct lease rental income and interest on income tax refunds. However, it rejected the Pr. CIT's decision on treating loss on repossessed vehicles as bad debts and non-disallowance of unpaid leave encashment, deeming them time-barred for revision as they were part of the original assessment. Consequently, the appellant's appeal was partially successful. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419433