2023 (3) TMI 556 - AT - Income Tax

MAT Computation - determining the book profit u/s.115JA - adding back the provision for doubtful advance to the book profits in the computation of income under Sec.115JA - distinguish between the provision for debt receivable and provisions for debt payable - HELD THAT:- . In this view of the matter and by respectfully following the decision of EID Parry (India) Ltd.[2019 (7) TMI 29 - MADRAS HIGH COURT] we are of the considered view that there is no error in the computation of book profit u/s.115JAA of the Act, by adding provision for doubtful debts, and thus, we are inclined to upholding the findings of the Ld.CIT(A) and dismiss the appeal filed by the assessee.