https://www.taxtmi.com/caselaws?id=381664 The tribunal overturned the revision order passed by the ld CIT, holding that the AO's decision not to add the provision for doubtful debts to net profit while computing book profit u/s 115JB was valid. Citing a binding decision of the Hon'ble Karnataka High Court, the tribunal found the AO's interpretation of the law to be sustainable and not prejudicial to revenue's interests. As a result, the appeal by the assessee was allowed, and the revision order was set aside. en-us Fri, 14 Jun 2019 00:00:00 +0530 Mon, 17 Jun 2019 07:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381664 The tribunal overturned the revision order passed by the ld CIT, holding that the AO's decision not to add the provision for doubtful debts to net profit while computing book profit u/s 115JB was valid. Citing a binding decision of the Hon'ble Karnataka High Court, the tribunal found the AO's interpretation of the law to be sustainable and not prejudicial to revenue's interests. As a result, the appeal by the assessee was allowed, and the revision order was set aside. Case-Laws Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381664