High Court Clarifies MAT Computation: Provision for Bad Debts Write-Off Unaffected by Section 115JB Explanation Clause (i.

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....MAT computation - Provision for bad and doubtful debts - If, at the end of the year showing the loans and advances on the asset aside of the balance sheet as net of the provision for bad debt, it would amount to a write off and such actual write off would not be hit by clause (i) of the explanation to section 115JB - HC....