https://www.taxtmi.com/caselaws?id=64012 The Tribunal allowed the assessee's contention that provisions for bad and doubtful debts should be deductible under section 115-J. The denial of the rectification plea by the Assessing Officer was overturned, and the addition made on account of bad and doubtful debts was deleted. The application of Section 115-J was upheld despite the assessee's argument of assessable losses, as the Tribunal found the provisions fully applicable. Judge U.B.S. Bedi dissented, upholding the adjustment, while the Third Member agreed with the majority, ruling in favor of the assessee. en-us Wed, 08 Nov 2000 00:00:00 +0530 Thu, 03 Feb 2011 11:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64012 The Tribunal allowed the assessee's contention that provisions for bad and doubtful debts should be deductible under section 115-J. The denial of the rectification plea by the Assessing Officer was overturned, and the addition made on account of bad and doubtful debts was deleted. The application of Section 115-J was upheld despite the assessee's argument of assessable losses, as the Tribunal found the provisions fully applicable. Judge U.B.S. Bedi dissented, upholding the adjustment, while the Third Member agreed with the majority, ruling in favor of the assessee. Case-Laws Income Tax Wed, 08 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64012