https://www.taxtmi.com/caselaws?id=209631 The High Court upheld the validity of the reassessment proceedings initiated under Section 148 of the Income-tax Act, agreeing with the ITAT's decision. It affirmed the proper computation of income under Section 115JA, inclusion of provision for bad and doubtful debts in book profit, and treatment of accumulated royalty written back in the Profit & Loss Account. The court ruled in favor of the Revenue, dismissing the appeal and supporting the AO's actions in the case. en-us Tue, 08 Mar 2011 00:00:00 +0530 Thu, 01 Aug 2013 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209631 The High Court upheld the validity of the reassessment proceedings initiated under Section 148 of the Income-tax Act, agreeing with the ITAT's decision. It affirmed the proper computation of income under Section 115JA, inclusion of provision for bad and doubtful debts in book profit, and treatment of accumulated royalty written back in the Profit & Loss Account. The court ruled in favor of the Revenue, dismissing the appeal and supporting the AO's actions in the case. Case-Laws Income Tax Tue, 08 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209631