https://www.taxtmi.com/caselaws?id=58601 The Tribunal allowed the appeal in part, directing the exclusion of interest on sticky loans from taxable income but upholding additions for certain write backs. It allowed expenses on motor car repairs and insurance, disallowed some advertisement expenses, and directed the allowance of specific bad debts. The matter of write-off of foreign currency debts was remitted for verification, and disallowances under sections 43B and 37(3A) were modified. The Tribunal reversed the disallowance of expenses on presentation articles but confirmed the disallowance of additional depreciation on office equipment. en-us Fri, 03 Mar 1989 00:00:00 +0530 Mon, 20 Dec 2010 17:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58601 The Tribunal allowed the appeal in part, directing the exclusion of interest on sticky loans from taxable income but upholding additions for certain write backs. It allowed expenses on motor car repairs and insurance, disallowed some advertisement expenses, and directed the allowance of specific bad debts. The matter of write-off of foreign currency debts was remitted for verification, and disallowances under sections 43B and 37(3A) were modified. The Tribunal reversed the disallowance of expenses on presentation articles but confirmed the disallowance of additional depreciation on office equipment. Case-Laws Income Tax Fri, 03 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58601