https://www.taxtmi.com/caselaws?id=219797 The Tribunal upheld the Assessing Officer's decision to disallow the claimed deductions of Rs. 236.18 crores for write-offs of bad debts, trade advances, inventories, assets, and CWIP. It also affirmed the computation of book profits under section 115JB without deducting the exceptional items written off. The Tribunal further ruled against carrying forward the loss as computed by the Assessing Officer, emphasizing the lack of evidence provided by the assessee to support their claims. The Tribunal dismissed the assessee's appeal and allowed the revenue's appeal, highlighting the necessity of strict adherence to accounting principles and statutory provisions. en-us Fri, 08 Jun 2012 00:00:00 +0530 Sat, 17 Nov 2012 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219797 The Tribunal upheld the Assessing Officer's decision to disallow the claimed deductions of Rs. 236.18 crores for write-offs of bad debts, trade advances, inventories, assets, and CWIP. It also affirmed the computation of book profits under section 115JB without deducting the exceptional items written off. The Tribunal further ruled against carrying forward the loss as computed by the Assessing Officer, emphasizing the lack of evidence provided by the assessee to support their claims. The Tribunal dismissed the assessee's appeal and allowed the revenue's appeal, highlighting the necessity of strict adherence to accounting principles and statutory provisions. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219797