https://www.taxtmi.com/caselaws?id=240748 The appeal was allowed for statistical purposes as the tribunal set aside the issue to the Assessing Officer for further review to determine if the provision made for bad debt represented real income. The tribunal emphasized that income to be taxed should reflect actual income and not just book entries, providing the Assessee with an opportunity to substantiate their case. The Assessing Officer was directed to reconsider the matter, particularly the amount of Rs. 2,40,61,848/-, before making a final decision. en-us Thu, 31 Jan 2013 00:00:00 +0530 Wed, 30 Oct 2013 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240748 The appeal was allowed for statistical purposes as the tribunal set aside the issue to the Assessing Officer for further review to determine if the provision made for bad debt represented real income. The tribunal emphasized that income to be taxed should reflect actual income and not just book entries, providing the Assessee with an opportunity to substantiate their case. The Assessing Officer was directed to reconsider the matter, particularly the amount of Rs. 2,40,61,848/-, before making a final decision. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240748