https://www.taxtmi.com/caselaws?id=281279 The tribunal upheld the relief granted by the CIT(A) in favor of the assessee regarding the deletion of disallowance for provision of bad and doubtful debts. The decision was based on a previous co-ordinate bench ruling and a High Court judgment supporting the assessee's position. The tribunal emphasized the importance of adhering to legal precedents in tax matters, ensuring fair application of the law. The assessee's treatment of bad debts and provisions was deemed justified, leading to the dismissal of the Revenue's appeal. en-us Mon, 16 Jul 2018 00:00:00 +0530 Tue, 11 Jun 2019 19:33:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281279 The tribunal upheld the relief granted by the CIT(A) in favor of the assessee regarding the deletion of disallowance for provision of bad and doubtful debts. The decision was based on a previous co-ordinate bench ruling and a High Court judgment supporting the assessee's position. The tribunal emphasized the importance of adhering to legal precedents in tax matters, ensuring fair application of the law. The assessee's treatment of bad debts and provisions was deemed justified, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281279