Held that provision for bad and doubtful debts, falls in cl. (i) and not under cl. (c) of Expin. 1 to s. 115JB(2), therefore the same is required to be added back while computing book profits. CIT v. Tainwala Chemicals and Plastics India Ltd. (2013) 215 Taxman 153 (Bom) distinguished. (AY.2003-04)
Dy. CIT v. Piramal Enterprises Ltd. (2022) 216 TTJ 802 (Mum)(Trib)
S. 115JB : Book profit-Bad and doubtful debts-Required to be added back.