https://www.taxtmi.com/caselaws?id=440875 The Tribunal allowed the assessee's appeals in part and dismissed the department's appeals. Relief was granted to the assessee concerning disallowances under sections 14A, 32, 37(1), and 36(1)(iii) of the Income Tax Act, 1961. Notably, disallowance under section 14A was rejected, depreciation on vehicles given on finance lease was allowed, the issue of support service fees and reimbursement of expenses was remanded for further review, bad debts written off were considered allowable deductions, and interest on Compulsorily Convertible Debentures was deemed deductible. en-us Thu, 13 Jul 2023 00:00:00 +0530 Thu, 27 Jul 2023 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440875 The Tribunal allowed the assessee's appeals in part and dismissed the department's appeals. Relief was granted to the assessee concerning disallowances under sections 14A, 32, 37(1), and 36(1)(iii) of the Income Tax Act, 1961. Notably, disallowance under section 14A was rejected, depreciation on vehicles given on finance lease was allowed, the issue of support service fees and reimbursement of expenses was remanded for further review, bad debts written off were considered allowable deductions, and interest on Compulsorily Convertible Debentures was deemed deductible. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440875