2014 (12) TMI 631

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..... in favour of revenue. - Income Tax Appeal No. 1341 of 2012 - - - Dated:- 21-11-2014 - S. C. Dharmadhikari And A. A. Sayed,JJ. For the Appellant : Mr. Suresh Kumar For the Respondent : Mr. P. J. Pardiwalla, Senior Counsel, with Mr. A. K. Jasani ORDER P. C. This Appeal challenges the order passed by the Income Tax Appellate Tribunal, Bench at Mumbai, dated 18th May, 2012 .....

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..... ) Whether on the facts and in the circumstances of the case and in law, the Tribunal was correct in ignoring that provision for bad and doubtful debts represents diminution in the value of asset, and is required to be added back to the book profit of the Assessee thereby ignoring the decision of the Karnataka High Court in the case of Commissioner of Income Tax Bangalore V/s. NCR Corporation India .....

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