https://www.taxtmi.com/caselaws?id=177588 The High Court partially allowed the appeal, setting aside previous orders and remitting the matter for further examination by the First Appellate Authority. The Court emphasized the importance of factual verification in determining the treatment of provisions for doubtful debts and loss of assets in computing book profit under Section 115JA of the Income Tax Act, 1961. The decision was based on the need for clarification on whether bad and doubtful debts were reduced from loans and advances, as per legal principles discussed in the judgment. en-us Tue, 14 Oct 2014 00:00:00 +0530 Wed, 13 Jan 2016 10:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177588 The High Court partially allowed the appeal, setting aside previous orders and remitting the matter for further examination by the First Appellate Authority. The Court emphasized the importance of factual verification in determining the treatment of provisions for doubtful debts and loss of assets in computing book profit under Section 115JA of the Income Tax Act, 1961. The decision was based on the need for clarification on whether bad and doubtful debts were reduced from loans and advances, as per legal principles discussed in the judgment. Case-Laws Income Tax Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177588