https://www.taxtmi.com/caselaws?id=409795 The tribunal upheld the decision of the Ld.CIT(A) regarding the disallowance of provisions for outstanding derivatives contract and doubtful debts for assessment year 2009-10, stating that the disallowed provisions under MAT did not pertain to the year under consideration. The tribunal concluded that the provisions reduced from book profits for the previous year could not be allowed as the appellant was taxed under regular provisions for that year. The appeal was dismissed, and the order was pronounced on 15th July 2021. en-us Thu, 15 Jul 2021 00:00:00 +0530 Fri, 16 Jul 2021 08:27:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409795 The tribunal upheld the decision of the Ld.CIT(A) regarding the disallowance of provisions for outstanding derivatives contract and doubtful debts for assessment year 2009-10, stating that the disallowed provisions under MAT did not pertain to the year under consideration. The tribunal concluded that the provisions reduced from book profits for the previous year could not be allowed as the appellant was taxed under regular provisions for that year. The appeal was dismissed, and the order was pronounced on 15th July 2021. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409795