https://www.taxtmi.com/caselaws?id=426548 The Tribunal allowed the appeal, permitting business expenditure incurred outside India but directly related to Indian operations, disallowing 1/5th of expenses on an Early Retirement Scheme pending submission of employee list, and allowing the deduction of bad debts written off in accounts based on specific provisions, overriding generic ones. The Tribunal directed the AO to re-compute interest under Sections 234B and 234D. The assessee's appeal was allowed based on the Tribunal's analysis, addressing the issues comprehensively. en-us Mon, 01 Aug 2022 00:00:00 +0530 Tue, 23 Aug 2022 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426548 The Tribunal allowed the appeal, permitting business expenditure incurred outside India but directly related to Indian operations, disallowing 1/5th of expenses on an Early Retirement Scheme pending submission of employee list, and allowing the deduction of bad debts written off in accounts based on specific provisions, overriding generic ones. The Tribunal directed the AO to re-compute interest under Sections 234B and 234D. The assessee's appeal was allowed based on the Tribunal's analysis, addressing the issues comprehensively. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426548