M/S TERECOM (P) LTD.,GOA vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 (1), PANAJI., PANAJI
In the result, the appeal filed by the assessee stands dismissed
ITA 63/PAN/2017[2009-10]Status: DisposedITAT Panaji06 Oct 2023AY 2009-10
Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)
For Appellant: NoneFor Respondent: Shri Prabhakar Anand
Section 115JSection 143(3)Section 148
reassessment is bad in law, as it amounts to initiating of re-assessment proceedings prompted by mere change of opinion by holding that the provision for bad and doubtful debts is required to be added back to the book profits in view of retrospective effect insertion of clause (i) to Explanation (1) to section 115JB(1) w.r.e.f. 1.4.2001. 3. Being
