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2018 (3) TMI 1919 - AT - Income TaxDisallowance towards provision for loss on contract - HELD THAT:- Since, this issue is pending before the AO for the A.Y. 2009-10, therefore, we set aside the finding of the CIT(A) on this issue and remand this issue before the AO to decide the matter of controversy afresh in view of the direction raised by the Hon’ble ITAT [2016 (7) TMI 270 - ITAT MUMBAI] for the A.Y. 2009-10 - Accordingly, this issue is decided in favour of the assessee against the revenue. Provision for doubtful debts while computing book profits u/s 115JB - HELD THAT:- We are of the view that the claim of the assessee is liable to be allowed in the interest of justice. No distinguishable material has been produced before us. The claim of the assessee has been decided by following the law settled in M/S. VIJAYA BANK VERSUS COMMISSIONER OF INCOME TAX & ANR. [2010 (4) TMI 46 - SUPREME COURT] and YOKOGAWA INDIA LTD. [2011 (8) TMI 766 - KARNATAKA HIGH COURT]. Taking into account, all the facts and circumstances of the case, we decide this issue in favour of the assessee against the revenue.
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