https://www.taxtmi.com/caselaws?id=437143 The Tribunal allowed the assessee's appeal regarding the disallowance of bad debts under Section 36(1)(vii) and deduction for rural advances under Section 36(1)(viia). The Tribunal remitted the issue of deduction for special reserve under Section 36(1)(viii) back to the AO for verification. It allowed the appeal on disallowance for ATM switch charges under Section 40(a)(ia) and remitted the penalty issue under Section 37(1) back to the AO for further determination. The Tribunal also addressed the applicability of Section 115JB (MAT), depreciation on HTM securities, and disallowance under Section 14A for exempt income, with various issues remitted for fresh examination. en-us Tue, 25 Apr 2023 00:00:00 +0530 Thu, 27 Apr 2023 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437143 The Tribunal allowed the assessee's appeal regarding the disallowance of bad debts under Section 36(1)(vii) and deduction for rural advances under Section 36(1)(viia). The Tribunal remitted the issue of deduction for special reserve under Section 36(1)(viii) back to the AO for verification. It allowed the appeal on disallowance for ATM switch charges under Section 40(a)(ia) and remitted the penalty issue under Section 37(1) back to the AO for further determination. The Tribunal also addressed the applicability of Section 115JB (MAT), depreciation on HTM securities, and disallowance under Section 14A for exempt income, with various issues remitted for fresh examination. Case-Laws Income Tax Tue, 25 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437143