https://www.taxtmi.com/caselaws?id=426003 The Tribunal partly allowed the Revenue's appeal, upholding the CIT(A)'s decisions on certain issues and restoring others to the Assessing Officer for re-examination. The disallowance under section 14A of the I.T. Act was deleted due to no dividend income earned, following precedents. The disallowance of provisions for inventory written off was also deleted, as it did not result in a double deduction. However, the disallowance of interest under section 36(1)(iii) and bad debts written off were restored for further examination due to lack of detailed information and compliance proof. en-us Fri, 01 Jul 2022 00:00:00 +0530 Thu, 04 Aug 2022 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426003 The Tribunal partly allowed the Revenue's appeal, upholding the CIT(A)'s decisions on certain issues and restoring others to the Assessing Officer for re-examination. The disallowance under section 14A of the I.T. Act was deleted due to no dividend income earned, following precedents. The disallowance of provisions for inventory written off was also deleted, as it did not result in a double deduction. However, the disallowance of interest under section 36(1)(iii) and bad debts written off were restored for further examination due to lack of detailed information and compliance proof. Case-Laws Income Tax Fri, 01 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426003