https://www.taxtmi.com/caselaws?id=390509 The Tribunal partially allowed the appeal, upholding the Commissioner of Income Tax's revisionary jurisdiction in part and directing reassessment of certain items. The Tribunal dismissed the addition of the provision for slow-moving stock to book profits under Section 115JB. The write-off of capital work in progress was directed to be reassessed, with part of the expenditure to be capitalized and part treated as revenue expenditure. The provision for doubtful debts was confirmed to be added back to book profits under Section 115JB. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sun, 05 Jan 2020 12:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390509 The Tribunal partially allowed the appeal, upholding the Commissioner of Income Tax's revisionary jurisdiction in part and directing reassessment of certain items. The Tribunal dismissed the addition of the provision for slow-moving stock to book profits under Section 115JB. The write-off of capital work in progress was directed to be reassessed, with part of the expenditure to be capitalized and part treated as revenue expenditure. The provision for doubtful debts was confirmed to be added back to book profits under Section 115JB. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390509