https://www.taxtmi.com/caselaws?id=412794 The Tribunal rectified an apparent mistake in its earlier order, acknowledging that the provision for bad and doubtful debts should be treated as operating expenses when computing the operating margin of comparables. The Tribunal aligned with precedents and directed the tax authorities to consider these provisions as operating expenses, in line with decisions from co-ordinate benches and the Karnataka High Court. The Tribunal allowed the assessee's petition, resolving the issues raised and modifying its order accordingly. en-us Fri, 24 Sep 2021 00:00:00 +0530 Mon, 27 Sep 2021 07:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412794 The Tribunal rectified an apparent mistake in its earlier order, acknowledging that the provision for bad and doubtful debts should be treated as operating expenses when computing the operating margin of comparables. The Tribunal aligned with precedents and directed the tax authorities to consider these provisions as operating expenses, in line with decisions from co-ordinate benches and the Karnataka High Court. The Tribunal allowed the assessee's petition, resolving the issues raised and modifying its order accordingly. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412794