Actual written off of bad and doubtful debts not hit by clause (i) of explanation to section 115JB

Featherlite Office Systems Pvt Ltd Vs DCIT (ITAT Bangalore) ITAT Bangalore held that the addition of provision of bad and doubtful debts as per P&L account to determine the book profits u/s. 115JB of the act is not warranted as actual write off would not be hit by clause (i) of explanation to section 115JB. Facts- Post completion of assessment u/s. 153A r.w.s. 143(3), the show cause notice u/s. 263 of the act was issued to revise the assessment order passed u/s. 153 of the act. PCIT noted that the issue of book profits calculation u/s. 115JB was not examined and verified by the AO. PCIT no...