2008 (8) TMI 484

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..... adding it back while computing its total income. Thereafter, in a later year some amount was received, that was shown to the credit in the profit and loss account but was not offered for taxation. - It is not necessary for the assessee to show the precise identify of the amount of written back, to be relating to any particular earlier year in view of the fact that when the provision is made in wh .....

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..... nd loss account but was not offered for taxation. It is on these facts, that the Assessing Officer observed that for the assessment year 1989-90, the assessee had added a sum of Rs. 8.74 lakhs, on account of provision for bad and doubtful debts, while the sum written back is a sum of Rs. 39.56 lakhs and the difference amount has been found to be liable to tax. Similar is the position in other fina .....

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..... ned to the provision made in the earlier assessment years and accordingly directed the deduction to be allowed for the complete written back amounts in respect of the assessment years. The learned Tribunal found that the Assessing Officer has not disputed the non-taxability of the written back amount against the provision for the relevant years but has held that the amount received against the pro .....

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