Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 660 - ITAT KOLKATAAddition towards provision for doubtful debts - CIT-A deleted the addition - before the completion of assessment proceedings, the assessee filed a revised computation of income wherein suo moto disallowance made towards provision for bad and doubtful debts was withdrawn by the assessee, on the ground that the same amount was already added back by the Ld. AO in the scrutiny assessment proceedings - Held that:- We find that the legitimate mistake committed by the assessee was sought to be withdrawn by way of revised computation of income in order to avoid double disallowance which was not considered by the Ld. AO. This has been fairly considered by the Ld. CIT(A) and Ld. CIT(A) had rightly granted relief to the assessee in this regard. We do not find any infirmity in the order of the Ld. CIT(A). Accordingly, grounds raised by the revenue are dismissed.
|