2018 (3) TMI 660

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.... 1. This appeal by the Revenue arises out of the order of the Learned Commissioner of Income Tax(Appeals)-1, Kolkata [in short the ld CIT(A)] in Appeal No.39/CIT)A)- 1/C-2/2014-15 dated 30.06.2016 against the order passed by the DCIT,Circle-2, Kolkata [ in short the ld AO] under section 143(3) of the Income Tax Act, 1961 (in short "the Act") dated 14.03.2014 for the Assessment Year 2011-12. 2. Th....

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....llowance made towards provision for bad and doubtful debts of Rs. 57,31,137/- was withdrawn by the assessee, on the ground that the same amount was already added back by the Ld. AO in the scrutiny assessment proceedings for the assessment year 2009-10 completed u/s 143(3) of the Act on 19.12.2011. The assessee also pleaded that this provision for bad and doubtful debts was originally created by de....

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....tances of the instant case, the Ld. CIT(A)-1, Kolkata has erred in deleting the provision for Doubtful Debts of Rs. 57,31,137/- without appreciating the intention of the AO. 2. That in the facts and circumstances of the case, the Ld. CIT(A) has failed to appreciate the fact that before proceeding for disallowances the AO has conducted necessary examination and ground work, which are evident fro....