https://www.taxtmi.com/caselaws?id=420149 The Tribunal allowed the assessee's appeal on the taxation of deferred payment guarantee commission, disallowance of depreciation on matured securities, and disallowance under Section 14A. However, the Tribunal upheld the disallowance of depreciation on leased assets. The Tribunal also allowed the deduction for bad debts written-off and depreciation/appreciation in value of securities. Issues regarding taxation of recovery of bad debts, income from foreign branches, education cess on income tax, expenses on reservation of seats in schools, broken period interest, taxation of interest on securities, and securities as stock in trade were remitted back to the AO for fresh consideration. en-us Tue, 22 Mar 2022 00:00:00 +0530 Sat, 26 Mar 2022 19:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420149 The Tribunal allowed the assessee's appeal on the taxation of deferred payment guarantee commission, disallowance of depreciation on matured securities, and disallowance under Section 14A. However, the Tribunal upheld the disallowance of depreciation on leased assets. The Tribunal also allowed the deduction for bad debts written-off and depreciation/appreciation in value of securities. Issues regarding taxation of recovery of bad debts, income from foreign branches, education cess on income tax, expenses on reservation of seats in schools, broken period interest, taxation of interest on securities, and securities as stock in trade were remitted back to the AO for fresh consideration. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420149