https://www.taxtmi.com/caselaws?id=310449 ITAT Hyderabad allowed the assessee's appeal for statistical purposes, remanding two issues back to the AO. Regarding bad debts from six government undertakings for electricity supply, the matter was remanded due to the assessee's non-functional status and unavailable records at the time of assessment. For disallowance under section 14A, the Tribunal followed the Williamson Financial Services precedent, holding that recent amendments to section 14A were clarificatory and retrospectively applicable, requiring fresh examination by the AO under the amended provisions. en-us Thu, 14 Jul 2022 00:00:00 +0530 Thu, 26 Oct 2023 07:43:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310449 ITAT Hyderabad allowed the assessee's appeal for statistical purposes, remanding two issues back to the AO. Regarding bad debts from six government undertakings for electricity supply, the matter was remanded due to the assessee's non-functional status and unavailable records at the time of assessment. For disallowance under section 14A, the Tribunal followed the Williamson Financial Services precedent, holding that recent amendments to section 14A were clarificatory and retrospectively applicable, requiring fresh examination by the AO under the amended provisions. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310449