https://www.taxtmi.com/caselaws?id=210675 HC held that Explanation (c) to Section 115JB(1) requires an actual write-off: a mere debit to P&L creating a provision does not trigger disallowance. If the assessee simultaneously reduces loans and advances/debtors on the asset side so the balance sheet shows amounts net of the provision, the Explanation is not attracted. The retrospective amendment did not defeat relief granted by the Tribunal and appellate authorities. Decision: in favor of the assessee. en-us Mon, 29 Aug 2011 00:00:00 +0530 Thu, 21 Aug 2025 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210675 HC held that Explanation (c) to Section 115JB(1) requires an actual write-off: a mere debit to P&L creating a provision does not trigger disallowance. If the assessee simultaneously reduces loans and advances/debtors on the asset side so the balance sheet shows amounts net of the provision, the Explanation is not attracted. The retrospective amendment did not defeat relief granted by the Tribunal and appellate authorities. Decision: in favor of the assessee. Case-Laws Income Tax Mon, 29 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210675