When assessee writes back certain provisions & considers it as income, he cannot deduct the same from computation of income, on the ground that in the earlier year these provisions were disallowed.

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Last updated: 22 January 2021
Quick Summary
This Income Tax Appellate Tribunal ruling clarifies that if an assessee writes back certain provisions and considers them as income, they cannot subsequently claim a deduction for these amounts. This is true even if the provisions were disallowed in an earlier assessment year. The tribunal's decision reinforces the principle that income, once recognised, cannot be offset by previous disallowances.

Court :
ITAT Mumbai

Brief :
This appeal by the Revenue is directed against the order of the learned Commissioner of Income Tax (Appeals)-3, Mumbai (‘ld.CIT(A) for short) dated26.03.2018 and pertains to the assessment year (A.Y.) 2012-13.

Citation :
ITA No. 4458/Mum/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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