https://www.taxtmi.com/caselaws?id=59585 The Tribunal upheld the revision order passed by the Commissioner of Income-tax, ruling that the amount credited by the assessee company for provisions written back should be reduced from the eligible profit for the assessment year 1990-91. The Tribunal concluded that failure to adjust the written back provision would distort the profit calculation for section 32AB purposes. The appeal filed by the assessee was dismissed, affirming the Commissioner's decision to exclude the written back provision amount from the eligible profit calculation for claiming deduction under section 32AB. en-us Sun, 03 Apr 2005 00:00:00 +0530 Thu, 30 Dec 2010 18:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59585 The Tribunal upheld the revision order passed by the Commissioner of Income-tax, ruling that the amount credited by the assessee company for provisions written back should be reduced from the eligible profit for the assessment year 1990-91. The Tribunal concluded that failure to adjust the written back provision would distort the profit calculation for section 32AB purposes. The appeal filed by the assessee was dismissed, affirming the Commissioner's decision to exclude the written back provision amount from the eligible profit calculation for claiming deduction under section 32AB. Case-Laws Income Tax Sun, 03 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59585