TMI Blog2010 (2) TMI 45X X X X Extracts X X X X X X X X Extracts X X X X ..... CIT v. Hewlett Packard India [2008 - TMI - 3577 - HIGH COURT OF DELHI] - The questions with regard to the provision for doubtful debts and provision for doubtful advances have to be answered in favour of the revenue and against the assessee because of the retrospective amendment introduced in Section 115JA of the said Act. By virtue of Finance (No.2) Act, 2009, clause (g) has been inserted in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this case:- For the Appellant: Ms P. L. Bansal with Ms Anshul Sharma For the Respondent: Ms Poonam Ahuja with Ms Mahima Agrawal CORAM: HON'BLE MR JUSTICE BADAR DURREZ AHMED HON'BLE MR JUSTICE SIDDHARTH MRIDUL 1. Whether Reporters of local papers may be allowed to see the judgment? 2. To be referred to the Reporter or not? 3. Whether the judgment should be reported in Di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Insofar as the provision for gratuity is concerned, the issue stands decided against the revenue and in favour of the assessee by virtue of a decision of this Court in CIT v. Hewlett Packard India: 314 ITR 55 (Del). 4. The questions with regard to the provision for doubtful debts and provision for doubtful advances have to be answered in favour of the revenue and against the assessee because ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich are nothing but provision for diminution in the value of asset, are specifically covered under clause (g) of the said Explanation. Consequently, the question insofar as it relates to provision for doubtful debts and provision for doubtful advances, requires to be answered in favour of the revenue and against the assessee. It is so answered. The appeal stands disposed of accordingly. BADA ..... X X X X Extracts X X X X X X X X Extracts X X X X
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