Home › Tax Laws › CIT (LTU) v. ACC Ltd.( 2019) 112 taxmann.com 402 / (2020) 269 Taxman 15 (Bom.)(HC) Editorial: SLP of revenue is dismissed; CIT (LTU) v. ACC Ltd. (2020) 269 Taxman 14 (SC)

CIT (LTU) v. ACC Ltd.( 2019) 112 taxmann.com 402 / (2020) 269 Taxman 15 (Bom.)(HC) Editorial: SLP of revenue is dismissed; CIT (LTU) v. ACC Ltd. (2020) 269 Taxman 14 (SC)

S. 115JB : Book profit-Provision for bad and doubtful debt- Ascertained liability-No addition can be made.

Tribunal deleted addition made in respect of provision for bad and doubtful debts in computation of book profits. High Court up held the order of the Tribunal.followed  Apollo Tyres  Ltd  v CIT ( 2002) 255 ITR 273 (SC).