https://www.taxtmi.com/caselaws?id=356047 The Karnataka High Court ruled in favor of the respondent-assessee in a tax dispute concerning the treatment of excess provision for bad and doubtful debts under the Income Tax Act, 1961. The Court held that the burden of proof was on the Revenue to establish the treatment of provisions in previous assessments. As there was no evidence to show that the excess provision had been allowed as a deduction in prior years, the Court upheld the decisions of the lower authorities and concluded that the provision written back should not be taxed as income. The appeal by the Revenue was rejected. en-us Fri, 09 Feb 2018 00:00:00 +0530 Fri, 23 Feb 2018 06:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356047 The Karnataka High Court ruled in favor of the respondent-assessee in a tax dispute concerning the treatment of excess provision for bad and doubtful debts under the Income Tax Act, 1961. The Court held that the burden of proof was on the Revenue to establish the treatment of provisions in previous assessments. As there was no evidence to show that the excess provision had been allowed as a deduction in prior years, the Court upheld the decisions of the lower authorities and concluded that the provision written back should not be taxed as income. The appeal by the Revenue was rejected. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356047