Failure on the part of the AO to consider provision for doubtful debt and unabsorbed depreciation in the original assessment proceedings, reassessment is held to be valid. (AY. 2010-11)
Health and Glow Retailing P. Ltd. v. ACIT (2019) 70 ITR 163 (Chennai) (Trib.)
S. 147 : Reassessment–With in four years-Provision for doubtful debt–Unabsorbed depreciation- Reassessment is held to be valid [S. 32(2), 148 ]