Deputy Commissioner of Income Tax Circle-1(1)(2), Bangalore M/s Bangalore Electricity Supply Company Limited , Bangalore

Last updated: 31 December 2020
Quick Summary
This judgement from the Income Tax Appellate Tribunal concerns cross-appeals filed by the Deputy Commissioner of Income Tax and M/s. Bangalore Electricity Supply Company Limited (BESCOM) for the assessment years 2010-2011 and 2011-2012. The core issue revolves around the addition made by the Assessing Officer for provision for bad and doubtful debts when calculating book profits under Section 115JB of the Income Tax Act. The Tribunal noted that a similar issue for assessment year 2003-2004 was decided in favour of the Revenue by the High Court, a decision the CIT(A) followed.

Court :
ITAT Bangalore

Brief :
These cross appeals are directed against separate orders of the CIT(A), both dated 26.09.2017. The relevant assessment years are 2010-2011 and 2011-2012. We shall first adjudicate the assessee’s appeal.

Citation :
ITA No.344/Bang/2018

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Judgements Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

 
Comments

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Recent Judgments :

  1. No 10% pre-deposit required on any Penalty-only order from SCN issued prior to October 01, 2025
  2. Ratification is no substitute for recommendation - Notifications travelling beyond GST Council recommendations are ultra vires
  3. Disparity between seigniorage fee paid and supply value declared in GSTR-1 justifies invocation of extended period of limitation under Section 74 of the CGST Act
  4. Interest on Delayed Payment of GST Arises by Operation of Law and Cannot be Waived by Courts
  5. Supreme Court to examine whether the six-month time limit for issuance of show cause notice under Section 74(2) of the CGST Act is mandatory or directory
  6. Advocates ought to be summoned only in rare and exceptional circumstances
  7. Unsigned Assessment Order in Form GST DRC-07 is Invalid as Absence of the Assessing Officer's Signature is an Incurable Jurisdictional Defect
  8. SC to examine whether an assessee can be relegated to the appellate remedy, when the challenge is to a binding Circular
  9. Mere Expiry of E-Way Bill Without Intent to Evade Tax Cannot Justify 200% Penalty
  10. No GST Levy on Assignment of Leasehold Rights of Industrial Plots as Supreme Court Dismisses Revenue's SLPs

View More Judgments »


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member RADHAKRISHNAN A R RADHAKRISHNAN A R Pro Member Amit YadavAmit YadavPro Member Sharang Sanjay MangalekarSharang Sanjay MangalekarPro Member deepakdeepakPro Member Ruchi ShahRuchi Shah
Subscribe to Pro
Join an elite circle of professionals

Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
29 July 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Follow