https://www.taxtmi.com/caselaws?id=779017 HC held the ITAT erred: where the s.143(1) intimation was issued after 1.4.2001, processing under s.143(1) is not an assessment and the proviso cannot be read to bar application of s.14A in original assessment; the AO was entitled to disallow expenditures relating to exempt income. On bad debts, HC affirmed that s.36(1)(vii) and s.36(1)(viia) are distinct and independent; the proviso does not permit double relief. Decision against revenue. en-us Tue, 16 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779017 HC held the ITAT erred: where the s.143(1) intimation was issued after 1.4.2001, processing under s.143(1) is not an assessment and the proviso cannot be read to bar application of s.14A in original assessment; the AO was entitled to disallow expenditures relating to exempt income. On bad debts, HC affirmed that s.36(1)(vii) and s.36(1)(viia) are distinct and independent; the proviso does not permit double relief. Decision against revenue. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779017