https://www.taxtmi.com/caselaws?id=28596 Under provisional assessment under section 7 of the Companies (Profits) Surtax Act, 1964, the assessing officer could not determine disputed or debatable questions of fact or law or depart from binding law then prevailing; the provision was confined to summary collection on clear matters, so the assessee succeeded. The High Court also held that exclusion from capital computation of doubtful debts reserve, provision for doubtful debts, excess provision for taxation, proposed dividend, and Chapter VI-A deductions was unsustainable because those exclusions conflicted with the applicable legal position and exceeded the limited scope of provisional assessment; the assessee succeeded on that issue as well. en-us Fri, 30 Jul 1982 00:00:00 +0530 Wed, 24 Feb 2010 10:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28596 Under provisional assessment under section 7 of the Companies (Profits) Surtax Act, 1964, the assessing officer could not determine disputed or debatable questions of fact or law or depart from binding law then prevailing; the provision was confined to summary collection on clear matters, so the assessee succeeded. The High Court also held that exclusion from capital computation of doubtful debts reserve, provision for doubtful debts, excess provision for taxation, proposed dividend, and Chapter VI-A deductions was unsustainable because those exclusions conflicted with the applicable legal position and exceeded the limited scope of provisional assessment; the assessee succeeded on that issue as well. Case-Laws Income Tax Fri, 30 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28596