https://www.taxtmi.com/highlights?id=56291 MAT Computation - even if the provision for doubtful debt is added back to the net profits, the resultant book profit is still negative and even though the assessee was prevented from adding back the provision for bad and doubtful debts to the net profit due to reasons beyond its control, it has at the first opportunity demonstrated to the authorities that book profits are still negative on adding back the provision for bad and doubtful debts and therefore, no adverse inference could have been drawn against the assessee. - HC en-us Wed, 13 Jan 2021 11:42:54 +0530 Wed, 13 Jan 2021 11:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56291 MAT Computation - even if the provision for doubtful debt is added back to the net profits, the resultant book profit is still negative and even though the assessee was prevented from adding back the provision for bad and doubtful debts to the net profit due to reasons beyond its control, it has at the first opportunity demonstrated to the authorities that book profits are still negative on adding back the provision for bad and doubtful debts and therefore, no adverse inference could have been drawn against the assessee. - HC Highlights Income Tax Wed, 13 Jan 2021 11:42:54 +0530 https://www.taxtmi.com/highlights?id=56291