2004 (2) TMI 694

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lamoorthy, J. The assessee had filed his return showing an income of ₹ 16,33,760 and the same was processed under s. 143(1)(a) of the IT Act and an intimation, accepting the income returned, was sent by the Revenue. Thereafter, the said intimation was rectified by the AO by adding a sum of ₹ 5,93,514 shown as provision for bad and doubtful debts, charged in the P&L a/c, while arriving....