https://www.taxtmi.com/caselaws?id=214548 The Tribunal partly allowed the revenue's appeal, permitting the deduction of the provision for doubtful debts to book profit under section 115JA. Other issues, including the treatment of HRC Plant expenditure as revenue, interest expenditure on working capital, and lease rent, were decided in favor of the assessee. Additional appeals by the revenue for other assessment years were dismissed due to low tax effect considerations. The Tribunal emphasized procedural fairness and upheld decisions aligning with prior rulings on similar matters. en-us Wed, 04 Apr 2012 00:00:00 +0530 Thu, 28 Jun 2012 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214548 The Tribunal partly allowed the revenue's appeal, permitting the deduction of the provision for doubtful debts to book profit under section 115JA. Other issues, including the treatment of HRC Plant expenditure as revenue, interest expenditure on working capital, and lease rent, were decided in favor of the assessee. Additional appeals by the revenue for other assessment years were dismissed due to low tax effect considerations. The Tribunal emphasized procedural fairness and upheld decisions aligning with prior rulings on similar matters. Case-Laws Income Tax Wed, 04 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214548