https://www.taxtmi.com/caselaws?id=306921 The Tribunal upheld the CIT(A)'s decisions on various issues related to the deletion of additions and allowances for expenses, including provisions for obsolescence, aircraft redelivery charges, heavy maintenance charges, depreciation on hire purchase aircraft, repairs to furniture and fixtures, provisions for frequent flyer expenses, interest income treatment, and initial rent paid on finance lease aircraft. The Tribunal disagreed on the addition of provision for doubtful debts to book profit under section 115JB, which was disallowed due to a legislative amendment. Overall, the appeal was partly allowed in favor of the taxpayer. en-us Wed, 06 Oct 2010 00:00:00 +0530 Mon, 06 Mar 2023 10:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306921 The Tribunal upheld the CIT(A)'s decisions on various issues related to the deletion of additions and allowances for expenses, including provisions for obsolescence, aircraft redelivery charges, heavy maintenance charges, depreciation on hire purchase aircraft, repairs to furniture and fixtures, provisions for frequent flyer expenses, interest income treatment, and initial rent paid on finance lease aircraft. The Tribunal disagreed on the addition of provision for doubtful debts to book profit under section 115JB, which was disallowed due to a legislative amendment. Overall, the appeal was partly allowed in favor of the taxpayer. Case-Laws Income Tax Wed, 06 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306921