2004 (2) TMI 694

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed his return showing an income of ₹ 16,33,760 and the same was processed under s. 143(1)(a) of the IT Act and an intimation, accepting the income returned, was sent by the Revenue. Thereafter, the said intimation was rectified by the AO by adding a sum of ₹ 5,93,514 shown as provision for bad and doubtful debts, charged in the P L a/c, while arriving at the taxable income, on the basi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ought to have appreciated that the provision was towards specific debts and it is not a contingent liability and hence not includible in book profit computed under s. 115J? (c) Whether on the facts and in the circumstances of the case the Tribunal was right in holding that addition was a prima facie error rectifiable under s. 154? 4. If the said amount of ₹ 5,93,514 is an ascertai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X