2023 (5) TMI 638 - SCH - Income Tax

TP adjustment - adjustment of Corporate Guarantee - write off of loss on account of investment made in equity shares of one of its subsidiary - write off of investment for the purpose of computing book profit u/s. 115JB - ITAT justified to remit back the issue of disallowance out of provision for doubtful loans and disallowance out of bad debts provision claimed in MAT to the file of the Assessing Officer for verification - asper HC no question of law arises - HELD THAT - As gone through order passed by the High Court, no interference of this Court is called for. SLP dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition after condoning the delay. No interference was deemed necessary with the High Court's judgment and order. Justices M.R. Shah and M.M. Sundresh were presiding.