https://www.taxtmi.com/caselaws?id=180022 The appeal challenged the reopening of assessment u/s 147 of the Act for AY 2005-06 due to the addition of "Provision for bad and doubtful debts" to book profit u/s 115JB. The Tribunal upheld the reopening, citing relevant case law, leading to the dismissal of the appeal on this issue. Additionally, the Tribunal upheld the addition of the provision to the book profit, aligning with sec. 115JB. Regarding interest computation u/s 234B and 234C, the Tribunal directed the exclusion of the provision related to bad debts from book profit, partially allowing the appeal on this issue. en-us Fri, 14 Feb 2014 00:00:00 +0530 Tue, 15 Mar 2016 14:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180022 The appeal challenged the reopening of assessment u/s 147 of the Act for AY 2005-06 due to the addition of "Provision for bad and doubtful debts" to book profit u/s 115JB. The Tribunal upheld the reopening, citing relevant case law, leading to the dismissal of the appeal on this issue. Additionally, the Tribunal upheld the addition of the provision to the book profit, aligning with sec. 115JB. Regarding interest computation u/s 234B and 234C, the Tribunal directed the exclusion of the provision related to bad debts from book profit, partially allowing the appeal on this issue. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180022