From assessment year 2001-02, provision for bad debts is to be added in book profit while computing book profit u/s 115JB

CASE LAWS DETAILS DECIDED BY: ITAT, NEW DELHI, `B’ BENCH, IN THE CASE OF: DCM Shriram Consolidated Ltd. Vs. ACIT,   APPEAL NO: ITA No. 4299/Del/2009, DECIDED ON- April 23, 2010 RELEVANT PARAGRAPH 9. We have considered the rival contentions in the light of material placed on record vis-à-vis amendment brought in provisions of section 115JAB by the Finance Act, 2009 by insertion of new clause (i). According to the amended provision, amount set aside as provision for diminution in value of any asset is required to be added in the books profit. Clause (i) has been inserted retrospectively...