https://www.taxtmi.com/caselaws?id=766439 Kerala HC upheld Principal Commissioner's revision order u/s 263 regarding provision for bad debts. Assessee claimed deduction for doubtful assets under Section 115-JB but amount was not debited to provision account and remained undisclosed. AO mechanically accepted assessee's statement without proper examination. Since provision was shown only for disclosure in balance sheet and not actually written off, Commissioner's direction to re-examine was justified. Tribunal correctly found no illegality in Commissioner's order. Appeal dismissed against assessee. en-us Tue, 07 Jan 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766439 Kerala HC upheld Principal Commissioner's revision order u/s 263 regarding provision for bad debts. Assessee claimed deduction for doubtful assets under Section 115-JB but amount was not debited to provision account and remained undisclosed. AO mechanically accepted assessee's statement without proper examination. Since provision was shown only for disclosure in balance sheet and not actually written off, Commissioner's direction to re-examine was justified. Tribunal correctly found no illegality in Commissioner's order. Appeal dismissed against assessee. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766439