9911796707
TMI Blog2018 (3) TMI 660X X X X Extracts X X X X X X X X Extracts X X X X ..... ground that the same amount was already added back by the Ld. AO in the scrutiny assessment proceedings - Held that:- We find that the legitimate mistake committed by the assessee was sought to be withdrawn by way of revised computation of income in order to avoid double disallowance which was not considered by the Ld. AO. This has been fairly considered by the Ld. CIT(A) and Ld. CIT(A) had rightl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .2014 for the Assessment Year 2011-12. 2. The only issue to be decided in this appeal is as to whether the Ld. CIT(A) was justified in deleting the addition made towards provision for doubtful debts in the sum of ₹ 57,31,137/-, in the facts and circumstances of the case. 3. The brief facts of this issue is that the assessee filed its return of income on 29.09.2011 disclosing total inco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at this provision for bad and doubtful debts was originally created by debiting to profit and loss account during the assessment year 2009-10 which was rightly disallowed by the Ld. AO during that year. Since, this provision for bad and doubtful debts was carried forward in the balance sheet of the assessee up to assessment year 2011-12, the assessee inadvertently disallowed the same in the origin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the AO has conducted necessary examination and ground work, which are evident from the recordings of note-sheet. 3. That the Department craves leave to add, modify or alter any of the ground(s) of appeal and/or adduce additional evidence at the time of hearing of the case. 3. We have heard the rival submissions and perused the material available on record. We find that the legitimate m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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