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Case Law Details

Case Name : Featherlite Office Systems Pvt Ltd Vs DCIT (ITAT Bangalore)
Related Assessment Year : 2017-18
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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 exam

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