2019 (3) TMI 1903

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.... For the Appearing Parties : Mr. Abhijit Chatterjee, Sr. Advocate, Mr. Somak Basu, Advocate, Mr. Tilak Mitra, Advocate, Mr. Manabendra Nath Bandyopadhyay, Advocate. The Court:- Mr. Chatterjee, learned Senior Advocate for the appellant wants the Tribunal to reconsider its impugned decision made on 2nd June, 2017 for the assessment year 2003-04. The ground for his contention is a subsequent ju....

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.... accounts, such items and amounts should be treated as write off and not provision and hence not covered by Clause (i) of Explanation I of Section 115JB(2) of the Income Tax Act ? We are of the opinion that although the decision of the Gujarat High Court came a few days after the order of the Tribunal, the Tribunal while rehearing the appeal should assume as if the said judgment was pronounced ....