TMI Blog2014 (4) TMI 555X X X X Extracts X X X X X X X X Extracts X X X X ..... CIT(A) - Before the AO, the assessee clearly mentioned that the amount is actually written off and, by mistake, the same was written as provision for bad debts - The AO rejected the assessee’s claim simply stating that the ground is not acceptable, as at the time of original assessment proceedings, the assessee did not disclose this fact before the Assessing Officer - in the original assessment pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erred in deleting the addition of Rs.11,53,897/- made on account of provision of doubtful debts. 2. On the facts and circumstances of the case and in law, the CIT(A) has erred in holding that the sum of Rs.11,53,897/- represented bad debt written off without verifying their actual write off in the books of accounts. 3. The facts of the case are that the assessee filed the return declarin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... were actually been written off but by typographical error the same is written as provision for doubtful debts . The contention of the assessee on this ground is not acceptable as at the time of original assessment proceedings the assessee did not disclose this fact before the Assessing Officer, which means that assessee s contention were not genuine or incidental or normal but it has been done wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y stating that this ground is not acceptable, as at the time of original assessment proceedings, the assessee did not disclose this fact before the Assessing Officer. We find that in the original assessment proceedings, this claim of the assessee was accepted, meaning thereby, either no explanation was sought at the time of original assessment proceedings or, if sought, the Assessing Officer was s ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
