https://www.taxtmi.com/caselaws?id=399684 The ITAT Pune ruled in favor of the assessee, holding that the addition of excess provision for Bad and Doubtful Debts Reserve (BDDR) to the total income was unjustified. Since no deductions were claimed in relation to the BDDR provisions, the reversal of BDDR in subsequent years should not be taxed. The ITAT Pune directed the deletion of the added amount from the total income, allowing the appeal in favor of the assessee. An additional ground regarding interest charges under sections 234B and 234C was deemed infructuous. en-us Tue, 13 Oct 2020 00:00:00 +0530 Fri, 16 Oct 2020 13:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399684 The ITAT Pune ruled in favor of the assessee, holding that the addition of excess provision for Bad and Doubtful Debts Reserve (BDDR) to the total income was unjustified. Since no deductions were claimed in relation to the BDDR provisions, the reversal of BDDR in subsequent years should not be taxed. The ITAT Pune directed the deletion of the added amount from the total income, allowing the appeal in favor of the assessee. An additional ground regarding interest charges under sections 234B and 234C was deemed infructuous. Case-Laws Income Tax Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399684