{"id":20147,"date":"2021-07-11T12:53:27","date_gmt":"2021-07-11T07:23:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bob-financial-solutions-ltd-v-dcit-2021-bcaj-april-p-56-mum-trib\/"},"modified":"2021-07-11T12:53:27","modified_gmt":"2021-07-11T07:23:27","slug":"bob-financial-solutions-ltd-v-dcit-2021-bcaj-april-p-56-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bob-financial-solutions-ltd-v-dcit-2021-bcaj-april-p-56-mum-trib\/","title":{"rendered":"BOB Financial Solutions Ltd v. DCIT ( 2021 ) BCAJ-April \u2013 P. 56 (Mum) ( Trib)"},"content":{"rendered":"<p>While computing book profit the assessee reduced provision of card receivable written back . The \u00a0Assessing Officer disallowed the reduction from the book profit which was affirmed by the CIT (A ) . On appeal the Tribunal following the \u00a0\u00a0assessee\u2019s own case \u00a0BOB Financial Solutions Ltd v. DCIT \u00a0\u00a0(ITA No. 4485&amp; 4297 \/Mum\/2017 dt 7 -5 2019 ( AY. 2012 -13) \u00a0held that reduction of provision of doubtful debts written back from book profit allowed , even when in the year when the provision \u00a0was made and tax was paid under normal provisions of the Act , while computing book profit , the same was not added to book profit . ( ITA No. 1207\/Mum\/2019 dt 15 -3 -2021 )( AY. 2014 -15 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB :  Book profit \u2013 Provision for doubtful debts \u2013 Written back and allowed \u2013 Not to be added for book profit  . <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20147","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5eX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=20147"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20147\/revisions"}],"predecessor-version":[{"id":20148,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20147\/revisions\/20148"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}