https://www.taxtmi.com/caselaws?id=328591 The ITAT partly allowed the appeal challenging the rectification order adding "Provision for doubtful debts" to book profit u/s 115JB. The appeal was filed within the limitation period, and the subsequent amendment justified the rectification. The ITAT upheld the rectification based on non-debatable issues, accounting treatment distinctions, and directed the AO not to levy interest u/s 234B on the provision for doubtful debts addition. The judgment provided a detailed analysis of the legal aspects, precedents, and reasoning behind each issue. en-us Fri, 03 Jun 2016 00:00:00 +0530 Tue, 07 Jun 2016 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328591 The ITAT partly allowed the appeal challenging the rectification order adding "Provision for doubtful debts" to book profit u/s 115JB. The appeal was filed within the limitation period, and the subsequent amendment justified the rectification. The ITAT upheld the rectification based on non-debatable issues, accounting treatment distinctions, and directed the AO not to levy interest u/s 234B on the provision for doubtful debts addition. The judgment provided a detailed analysis of the legal aspects, precedents, and reasoning behind each issue. Case-Laws Income Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328591