https://www.taxtmi.com/highlights?id=62093 Addition of Provisions for trade receivable as debited to P&L account under the head "other expenses" - we have to consider substance over the form and the intention of the assessee has to be appreciated and not the nomenclature noted to claim the expenses, it has merely mentioned the term ‘provision’ it does not mean that it becomes provision. Therefore, we direct the assessing officer to delete the addition as it actually pertains to bad debts written off in the books of account. - AT en-us Wed, 23 Feb 2022 08:28:33 +0530 Wed, 23 Feb 2022 08:28:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62093 Addition of Provisions for trade receivable as debited to P&L account under the head "other expenses" - we have to consider substance over the form and the intention of the assessee has to be appreciated and not the nomenclature noted to claim the expenses, it has merely mentioned the term ‘provision’ it does not mean that it becomes provision. Therefore, we direct the assessing officer to delete the addition as it actually pertains to bad debts written off in the books of account. - AT Highlights Income Tax Wed, 23 Feb 2022 08:28:33 +0530 https://www.taxtmi.com/highlights?id=62093