2020 (5) TMI 145

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....ANNA APPELLANTS (BY SRI ARAVIND K.V., ADV.)   RESPONDENT (BY SRI S. SHANKAR, SR. ADV. ALONG WITH SRI VENKATESH, ADV. FOR SRI ANNAMALAI S. AND SRI M. LAVA, ADVS.)   JUDGMENT ALOK ARADHE J This appeal is filed under Section 260A of the Income Tax Act, 1961, by the Revenue, being aggrieved by the order dated 14.06.2019 passed by the Income Tax Appellate Tribunal, Bengaluru, in ITA.No.7....

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....d, the assessee preferred an appeal before the Commissioner of Income Tax (Appeals). The said appeal came to be dismissed vide order dated 18.01.2013. Being aggrieved by the same, the assessee preferred an appeal before the Income Tax Appellate Tribunal, Bengaluru and the Tribunal by its order dated 14.06.2019 has allowed the appeal. In the aforesaid background, the appeal has been filed. 3. Lear....

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....profit and loss account by invoking clause (i) or (c) of Explanation 1 to Section 115JB of the Act in a case where there is a corresponding reduction of the sum debited to the profit and loss account on account of provision for bad and doubtful debts from the Advances shown in the Balance Sheet of the Assessee. In view of the aforesaid citation, no interference is called for in the impugned order.....