Sec. 115J

Sec. 115J

Calcutta H.C : Proper interpretation of the provisions of Section 115J of the Act and also the Companies Act was justified in law in disallowing the provision for bad and doubtful debts and advances on the grounds that the said provision is not an amount set aside towards the provisions made for meeting liabilities which are not the ascertained liability

High Court Of Calcutta ICI India Ltd. vs. CIT (Appeals) -IV, Kolkata Assessment Year : 1989-90 Section : 115J Bhaskar Bhattacharya

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