https://www.taxtmi.com/caselaws?id=445148 The court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, affirming the deletion of the disallowance of bad debts amounting to Rs. 5,96,20,438, acquired from the predecessor-in-interest, Eicher Motor Limited. Regarding the training expenses, the court agreed with the Tribunal that the entire expenditure should be allowed under Section 37 of the Income Tax Act, rejecting the concept of deferred revenue expenditure. No substantial question of law was found, and the appeal was closed with instructions for the parties to act based on the digitally signed order. en-us Fri, 15 Sep 2023 00:00:00 +0530 Tue, 31 Oct 2023 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445148 The court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, affirming the deletion of the disallowance of bad debts amounting to Rs. 5,96,20,438, acquired from the predecessor-in-interest, Eicher Motor Limited. Regarding the training expenses, the court agreed with the Tribunal that the entire expenditure should be allowed under Section 37 of the Income Tax Act, rejecting the concept of deferred revenue expenditure. No substantial question of law was found, and the appeal was closed with instructions for the parties to act based on the digitally signed order. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445148