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Provision for bad & doubtful debts not to be added while computing book profit as it was ascertained liability

April 24, 2018[2018] 93 106 (Madras)/[2018] 255 Taxman 262 (Madras)

IT: An assessee's case would fall within ambit of clause (c) of section 115JA(1) only if amount is set aside as provision; provision is made for meeting a liability; and provision should be for other than ascertained liabilities

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