https://www.taxtmi.com/caselaws?id=256064 The Tribunal partly allowed the appeals for the assessment years 2001-02 and 2004-05. In the case of disallowance of provisions for doubtful debts and contractual obligations, the issues were remanded back to the Assessing Officer for re-examination following relevant precedents. The penalty imposed under Section 271(1)(c) for inaccurate income particulars related to the provision for doubtful debts was quashed due to the remand of the underlying disallowance issue. The consolidated result indicated that the appeals were allowed or partly allowed for statistical purposes. en-us Fri, 30 Jan 2015 00:00:00 +0530 Tue, 03 Feb 2015 06:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256064 The Tribunal partly allowed the appeals for the assessment years 2001-02 and 2004-05. In the case of disallowance of provisions for doubtful debts and contractual obligations, the issues were remanded back to the Assessing Officer for re-examination following relevant precedents. The penalty imposed under Section 271(1)(c) for inaccurate income particulars related to the provision for doubtful debts was quashed due to the remand of the underlying disallowance issue. The consolidated result indicated that the appeals were allowed or partly allowed for statistical purposes. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256064