2007 (5) TMI 203

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..... A. No. 814/Del/03 relevant for the assessment year 1997-98. The assessee had made provisions for bad and doubtful debts in its profit and loss account. According to the Assessing Officer this was not an ascertained liability and, therefore, the amount was to be included in the book profits of the assessee in view of the Explanation to section 115JA of the Income-tax Act, 1961. On appeal, the ....