https://www.taxtmi.com/caselaws?id=772540 ITAT Mumbai ruled in favor of the assessee on two issues. First, regarding MAT computation under Section 115JB, the tribunal held that provision for bad and doubtful debts constituted an actual write-off rather than mere provision creation, as the amount was reduced from gross trade receivables on the balance sheet. This write-off was not covered by clause (i) of Explanation to Section 115JB, supported by Bombay HC and Gujarat HC decisions. Second, interest under Section 234A was deleted as the return was filed before the due date. en-us Fri, 06 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772540 ITAT Mumbai ruled in favor of the assessee on two issues. First, regarding MAT computation under Section 115JB, the tribunal held that provision for bad and doubtful debts constituted an actual write-off rather than mere provision creation, as the amount was reduced from gross trade receivables on the balance sheet. This write-off was not covered by clause (i) of Explanation to Section 115JB, supported by Bombay HC and Gujarat HC decisions. Second, interest under Section 234A was deleted as the return was filed before the due date. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772540