https://www.taxtmi.com/caselaws?id=465836 Bad debts written off under s.36(1)(vii) were disallowed on the premise that the related income pertained to years when the assessee was not taxable; following the earlier ITAT order and noting nil credit balance in the provision for bad debts, the entire write-off was held deductible, and the AO was directed to allow the claim. Disallowance under s.14A was governed by prior ITAT directions; the AO was directed to disallow 5% of dividend income as expenditure. A proportionate disallowance relating to lease premium/contribution was rejected as the authorities wrongly refused to entertain the claim; the AO was directed to allow deduction of the contribution to the relevant credit guarantee fund. Write-back of an IRDF claim was held not taxable under s.41(4) because no corresponding earlier deduction under s.36(1)(vii) had been allowed. en-us Tue, 25 Sep 2018 00:00:00 +0530 Sat, 10 Jan 2026 13:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465836 Bad debts written off under s.36(1)(vii) were disallowed on the premise that the related income pertained to years when the assessee was not taxable; following the earlier ITAT order and noting nil credit balance in the provision for bad debts, the entire write-off was held deductible, and the AO was directed to allow the claim. Disallowance under s.14A was governed by prior ITAT directions; the AO was directed to disallow 5% of dividend income as expenditure. A proportionate disallowance relating to lease premium/contribution was rejected as the authorities wrongly refused to entertain the claim; the AO was directed to allow deduction of the contribution to the relevant credit guarantee fund. Write-back of an IRDF claim was held not taxable under s.41(4) because no corresponding earlier deduction under s.36(1)(vii) had been allowed. Case-Laws Income Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465836