https://www.taxtmi.com/caselaws?id=429820 The appeals filed by the assessee were dismissed by the Tribunal. The delay in filing the appeal was condoned, but provisions for bad and doubtful debts, incorrect computation of book profit under section 115JB, loss on sale of scrap, and loss on obsolescence of stores were not allowed as expenditures. The Tribunal upheld the orders of the Assessing Officer and the CIT (A) on all issues, finding no merit in the assessee's arguments. The decision was pronounced on 2nd November 2022. en-us Wed, 02 Nov 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429820 The appeals filed by the assessee were dismissed by the Tribunal. The delay in filing the appeal was condoned, but provisions for bad and doubtful debts, incorrect computation of book profit under section 115JB, loss on sale of scrap, and loss on obsolescence of stores were not allowed as expenditures. The Tribunal upheld the orders of the Assessing Officer and the CIT (A) on all issues, finding no merit in the assessee's arguments. The decision was pronounced on 2nd November 2022. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429820