https://www.taxtmi.com/caselaws?id=354119 The ITAT upheld the CIT(A)'s decision that the amount of Rs. 46,94,62,365 was an actual write-off and not a provision for diminution in the value of investments. The ITAT concluded that the amount should not be added back to the book profit under Section 115JB of the Income Tax Act. Consequently, the departmental appeal was dismissed, and the addition made by the AO was deleted, allowing the assessee's appeal. en-us Mon, 15 Jan 2018 00:00:00 +0530 Thu, 18 Jan 2018 08:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354119 The ITAT upheld the CIT(A)'s decision that the amount of Rs. 46,94,62,365 was an actual write-off and not a provision for diminution in the value of investments. The ITAT concluded that the amount should not be added back to the book profit under Section 115JB of the Income Tax Act. Consequently, the departmental appeal was dismissed, and the addition made by the AO was deleted, allowing the assessee's appeal. Case-Laws Income Tax Mon, 15 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354119