https://www.taxtmi.com/caselaws?id=211306 The High Court dismissed the assessee's appeal, upholding the Tribunal's decision that the deduction for bad debts written off should be reduced by the provision for bad and doubtful debts. The court found the Tribunal's interpretation correct, rejecting the assessee's argument of double taxation. The court allowed the assessee to take credit for the amount surrendered in a previous assessment year, ruling in favor of the Revenue and against the assessee. en-us Fri, 30 Sep 2011 00:00:00 +0530 Tue, 13 Mar 2012 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211306 The High Court dismissed the assessee's appeal, upholding the Tribunal's decision that the deduction for bad debts written off should be reduced by the provision for bad and doubtful debts. The court found the Tribunal's interpretation correct, rejecting the assessee's argument of double taxation. The court allowed the assessee to take credit for the amount surrendered in a previous assessment year, ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211306