https://www.taxtmi.com/caselaws?id=307845 A deduction calculated as 7.5% of total income for bad and doubtful debts had to be worked out only after setting off brought forward losses, because that reflected the settled method of arriving at total income. The earlier contrary observation was treated as an error apparent on the face of the record, so the review was allowed and the earlier judgment was modified on that question. The issue was answered in favour of the Revenue and against the assessee, and the appeal was dismissed. en-us Mon, 05 Sep 2022 00:00:00 +0530 Thu, 11 May 2023 16:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307845 A deduction calculated as 7.5% of total income for bad and doubtful debts had to be worked out only after setting off brought forward losses, because that reflected the settled method of arriving at total income. The earlier contrary observation was treated as an error apparent on the face of the record, so the review was allowed and the earlier judgment was modified on that question. The issue was answered in favour of the Revenue and against the assessee, and the appeal was dismissed. Case-Laws Income Tax Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307845