https://www.taxtmi.com/caselaws?id=251028 The Court ruled in favor of the department, setting aside the Tribunal's order and restoring the Assessing Officer's decision to add back the provision for bad debts to the book profit. The judgment clarified that the provision made by the assessee did not qualify under item (c) of the Explanation to Section 115JA, as it did not pertain to an unascertained liability. Consequently, the deduction claimed by the assessee was deemed not allowable, leading to the allowance of the department's appeal. en-us Wed, 20 Aug 2014 00:00:00 +0530 Tue, 02 Sep 2014 08:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251028 The Court ruled in favor of the department, setting aside the Tribunal's order and restoring the Assessing Officer's decision to add back the provision for bad debts to the book profit. The judgment clarified that the provision made by the assessee did not qualify under item (c) of the Explanation to Section 115JA, as it did not pertain to an unascertained liability. Consequently, the deduction claimed by the assessee was deemed not allowable, leading to the allowance of the department's appeal. Case-Laws Income Tax Wed, 20 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251028