https://www.taxtmi.com/caselaws?id=205266 The Court determined that the Assessing Officer's adjustment of Rs.9,00,000 for provision of doubtful debt under Section 143(1)(a) of the Income Tax Act, 1961 was not justified in light of retrospective amendments. It held that the Assessing Officer exceeded powers by disallowing the claim without proper assessment procedures, emphasizing the need for issuing notices and calling for particulars. The ITAT's decision to uphold the appeal was deemed correct, leading to the dismissal of the appeal with no order as to costs. en-us Tue, 28 Jun 2011 00:00:00 +0530 Tue, 19 Jul 2011 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205266 The Court determined that the Assessing Officer's adjustment of Rs.9,00,000 for provision of doubtful debt under Section 143(1)(a) of the Income Tax Act, 1961 was not justified in light of retrospective amendments. It held that the Assessing Officer exceeded powers by disallowing the claim without proper assessment procedures, emphasizing the need for issuing notices and calling for particulars. The ITAT's decision to uphold the appeal was deemed correct, leading to the dismissal of the appeal with no order as to costs. Case-Laws Income Tax Tue, 28 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205266