TP: Provision for bad & doubtful debt & bad debts written off are operating expenses

Advocate Akhilesh Kumar Sah Hyundai Motor India Engg. Pvt. Vs DCIT (ITAT Hyderabad) Hyundai Motor India appeal: Including bad debts and provision for bad and doubtful debts as operating expenses is necessary for the purpose of computing profit and loss of comparable companies, the margins of comparable companies  Very recently in Hyundai Motor India Engg. Pvt. Ltd. vs. DCIT [ITA No. 87/Hyd/2017 A.Y.2012-13, decided on 08.06.2018], one of the ground was that on the facts and the circumstances of the case and in law, the AO/DRP erred in confirming the TPO’s stand of treating the provisi...