TMI Blog2008 (8) TMI 484X X X X Extracts X X X X X X X X Extracts X X X X ..... that was shown to the credit in the profit and loss account but was not offered for taxation. - It is not necessary for the assessee to show the precise identify of the amount of written back, to be relating to any particular earlier year in view of the fact that when the provision is made in whatever year no deduction of tax had been claimed for that amount. - The appeals thus have no force and t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion. It is on these facts, that the Assessing Officer observed that for the assessment year 1989-90, the assessee had added a sum of Rs. 8.74 lakhs, on account of provision for bad and doubtful debts, while the sum written back is a sum of Rs. 39.56 lakhs and the difference amount has been found to be liable to tax. Similar is the position in other financial year under consideration. The learned C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssment years and accordingly directed the deduction to be allowed for the complete written back amounts in respect of the assessment years. The learned Tribunal found that the Assessing Officer has not disputed the non-taxability of the written back amount against the provision for the relevant years but has held that the amount received against the provision for earlier year should be put to tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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