Case Law Details
Case Name : Rallis India Limited Vs ACIT (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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In respect of AY 2004-05, the assessee computed its book profits u/s 115JB by claiming a deduction for provision for doubtful debts and advances and the same was allowed vide order u/s 143 (3). On 18.7.2008 (within 4 years), the AO issued a notice u/s 148 inter alia on the ground that the provision for doubtful debts had to be added back to the book profits. The assessee filed a writ petition to challenge the reopening. HELD allowing the Petition:
(i) U/s 115JB as it stood at the relevant time, the AO was auth
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