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2008 (1) TMI 561 - HC - Income TaxReassessment- A sum of Rs.57,06,335 marked by the assessee as bad debt was disallowed. The Appellate Commissioner deleted the addition of the aforesaid amount being the provision for bad and doubtful debts while computing the book profit under section 115JB of the Act. Further appeal was preferred by the Revenue against the said appellate order to the Income-tax Appellate Tribunal which also proceeded to dismiss the appeal of the Revenue. Hence, this further appeal under section 260A of the Act. Held that- dismissing the appeal, that the order of the Tribunal was to be upheld since no substantial question of law arose for consideration.
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