https://www.taxtmi.com/caselaws?id=170030 The High Court held in favor of the Revenue, ruling that the provision for bad and doubtful debts should not be deducted from book profit due to the retrospective amendment by the Finance (No. 2) Act, 2009. The Court emphasized the impact of the amendment on the computation of book profits under section 115JA for the assessment year 1998-99, setting aside the Tribunal's order and upholding the Revenue's appeal. en-us Tue, 26 Aug 2014 00:00:00 +0530 Wed, 13 May 2015 18:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170030 The High Court held in favor of the Revenue, ruling that the provision for bad and doubtful debts should not be deducted from book profit due to the retrospective amendment by the Finance (No. 2) Act, 2009. The Court emphasized the impact of the amendment on the computation of book profits under section 115JA for the assessment year 1998-99, setting aside the Tribunal's order and upholding the Revenue's appeal. Case-Laws Income Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170030