Dismissing the appeal of the assessee the Tribunal held that in view of retrospective amendment made by Finance Act, 2009, provisions for bad and doubtful debts being ascertained liability are not required to be added in matter of computation . ( AY.2003 -04)
Moser Baer India Ltd. v. DCIT (2018) 170 ITD 522 (Delhi) (Trib.)
S. 115JB : Book profit – Provisions for bad and doubtful debts – In view of retrospective amendment made by Finance Act, 2009, provisions for bad and doubtful debts being ascertained liability are not required to be added in matter of computation