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2023 (8) TMI 1360 - GUJARAT HIGH COURTBad debts allowance - Appellate Tribunal allowing the bad debt claim of the assessee - Whether the debts in question were not trading debts of the assessee as required u/s.36(1) (viii) - Tribunal treating the hire purchases as stock in trade - Whether the Appellate Tribunal has failed to consider that the assessee is not a banking entity where bill discounting can be accepted to be trading receipt and the resultant debt be treated as bad trading debt ? - Depreciation on leased assets - Disallowance u/s 14A - Applicability of section 14A - theory of apportionment” of expenses (including interest) - Whether the Appellate Tribunal has erred in not following the decision of the Hon'ble Supreme Court in the case of Maxopp Investment Ltd [2018 (3) TMI 805 - SUPREME COURT] which has applied the “theory of apportionment” of expenses HELD THAT:- Questions considered by us in a separate order passed [2018 (9) TMI 604 - GUJARAT HIGH COURT] - All these questions are declined. Without separately recording reasons, this appeal is also dismissed.
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