INCOME TAX : Provision towards bad and doubtful debt could not be assessed to book profit under section 115JB in year prior to insertion of clause (i) of Explanation 1 to section 115JB(2) by Finance Act, 2009 retrospectively with effect from 1-4-2001 as assessee could not have given effect to such provision which was inserted on later pointINCOME TAX : Provision towards bad and doubtful debt could not be assessed to book profit under section 115JB in year prior to insertion of clause (i) of Explanation 1 to section 115JB(2) by Finance Act, 2009 retrospectively with effect from 1-4-2001 as assessee could not have given effect to such provision which was inserted on later pointwww.taxmann.com Latest Case LawsRead More
