https://www.taxtmi.com/caselaws?id=219906 The Tribunal restored the case to the Assessing Officer for a fresh adjudication, emphasizing the need for the assessee to substantiate its claim and explanation regarding the provision for bad and doubtful debts. The Tribunal highlighted the importance of demonstrating that the provision effectively acted as a write-off and ensuring compliance with the conditions of section 36(2) of the Income-tax Act, 1961. The appeal was allowed for statistical purposes, with directions for a comprehensive review by the Assessing Officer. en-us Tue, 25 Sep 2012 00:00:00 +0530 Wed, 26 Dec 2012 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219906 The Tribunal restored the case to the Assessing Officer for a fresh adjudication, emphasizing the need for the assessee to substantiate its claim and explanation regarding the provision for bad and doubtful debts. The Tribunal highlighted the importance of demonstrating that the provision effectively acted as a write-off and ensuring compliance with the conditions of section 36(2) of the Income-tax Act, 1961. The appeal was allowed for statistical purposes, with directions for a comprehensive review by the Assessing Officer. Case-Laws Income Tax Tue, 25 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219906