https://www.taxtmi.com/highlights?id=60077 MAT - Deduction for provision of bad and doubtful debts while computing book profits u/s.115JB - There is absolutely no quarrel that the case does not fall under Clause “C” of Explanation 1 to Section 115JB(2) of the Act. We hold that the issue in dispute falls in Clause (i) of Explanation 1 to Section 115JB(2) of the Act. We are not inclined to make this provision redundant or otiose - we hold that provision for bad and doubtful debts is required to be added back while computing book profits u/s.115JB - AT en-us Tue, 12 Oct 2021 15:22:24 +0530 Tue, 12 Oct 2021 15:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60077 MAT - Deduction for provision of bad and doubtful debts while computing book profits u/s.115JB - There is absolutely no quarrel that the case does not fall under Clause “C” of Explanation 1 to Section 115JB(2) of the Act. We hold that the issue in dispute falls in Clause (i) of Explanation 1 to Section 115JB(2) of the Act. We are not inclined to make this provision redundant or otiose - we hold that provision for bad and doubtful debts is required to be added back while computing book profits u/s.115JB - AT Highlights Income Tax Tue, 12 Oct 2021 15:22:24 +0530 https://www.taxtmi.com/highlights?id=60077