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

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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