2023 (8) TMI 1360

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..... uired 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 apporti .....

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..... ons for our consideration. "(A) Whether the Appellate Tribunal has erred in allowing the bad debt claim of the assessee ignoring the fact that the debts in question were not trading debts of the assessee as required u/s.36(1) (viii) of the Act ? (B) Whether the Appellate Tribunal ignored the fact that the assessee has debited the principal amount which could never appear as a debt on account .....

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..... of apportionment" of expenses (including interest)?" 2. Questions (A) to (D) have been considered by us in a separate order passed by us today in Tax Appeal No.1024 of 2018. Questions (E) and (F) have been considered in Tax Appeal No.1023 of 2018 and question (G) in Tax Appeal No.1022 of 2018. All these questions are declined. Without separately recording reasons, this appeal is also dismissed.< .....

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