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2010 (9) TMI 141 - DELHI HIGH COURTPenalty - provision for doubtful debts - because of pendency of legal proceedings being initiated against the debtors, the respondent-assessee had not actually written off its debts in the books of account - Tribunal observed that the assessee had duly reduced the sale proceeds from the gross block of assets for computing depreciation - assessee had committed a bona-fide mistake in not adding it back while computing the taxable income – Held that: - explanation furnished by the respondent-assessee in the present case is bonafide and as the said finding had not been controverted by the DR before the Tribunal – Appeal is dismissed.
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