https://www.taxtmi.com/caselaws?id=424427 The Tribunal allowed the appeal regarding the disallowance of bad debts, stating that the debt written off by the assessee should be allowed as a bad debt since it was advanced in the ordinary course of business and written off in the books of accounts. The Tribunal directed the Assessing Officer to reconsider the disallowance under Section 14A in line with previous decisions. The issues concerning tax credit under Section 115JAA and interest under Sections 234B and 234C were not specifically addressed in the detailed analysis, indicating they were either resolved or not contested during the hearing. The appeal was partly allowed, granting relief to the assessee on the primary issues of bad debts and disallowance under Section 14A. en-us Wed, 06 Apr 2022 00:00:00 +0530 Wed, 29 Jun 2022 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424427 The Tribunal allowed the appeal regarding the disallowance of bad debts, stating that the debt written off by the assessee should be allowed as a bad debt since it was advanced in the ordinary course of business and written off in the books of accounts. The Tribunal directed the Assessing Officer to reconsider the disallowance under Section 14A in line with previous decisions. The issues concerning tax credit under Section 115JAA and interest under Sections 234B and 234C were not specifically addressed in the detailed analysis, indicating they were either resolved or not contested during the hearing. The appeal was partly allowed, granting relief to the assessee on the primary issues of bad debts and disallowance under Section 14A. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424427