The Commissioner of income Tax-II vs. M/s.Ideal Industrial Explosives Ltd

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 115JA(2), which speaks of the provisions made for meeting liabilities, other than ascertained liabilities. The Honourable Supreme Court in (2008) 305 ITR 409 [Commissioner of Income Tax-IV v. HCL Comnet Systems and Services Ltd.] categorically held that the addition made under clause(c); of the provision for bad and doubtful debts cannot be permitted. However, clause

Commissioner of Income Tax, vs. M/s Polisetty Somasundaram,

Section 143 (2) of the Act as well as the assessment framed by the Assessing Officer. On the other hand, the AJAY PRASHER 2023.04.10 11:34 I attest to the accuracy and integrity of this document ITA No.140 of 2013 (O&M) -4- appeal filed by the revenue-department was dismissed. Hence, the present appeal. Vide order dated 25.03.2014 passed

The Commissioner of Income Tax-IV vs. M/s.Mahaveer Enterprises [I] Ltd

270 ITR 368 and on second issue counsel for the appellant has taken us to the order of the CIT(A) more particularly para 13 and para 16 of the order of the Tribunal which reads as under: “13. The next ground of the appellant relates to not allowing the deduction of net assets