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2016 (1) TMI 1330 - AT - Income TaxProvision of pay revision - CIT (A) opined that whole amount of adhoc provision made by the appellant in the account books needs to be disallowed rather than making a 10% disallowance - Held that:- The employees are entitled to revised pay from the date it was due and payable by the employer. However, the quantum may vary, as in the present case, initially the revision was estimated @ 13.25%, however, later on it was crystallized @ 17.5%. The provision in the present case was made on the basis of 13.25%, however, later on it was required to be revised and in fact revised @ 17.5%. Therefore, we do not find any merit in the conclusion draw by ld. CIT (A).Thus the orders of ld. CIT (A) as well as AO are hereby set aside. We also find that the case of the assessee is covered by the decision of the ITAT Jaipur Bench in the matter of Jhalawar Kendriya Sahakari Bank Ltd. vs. ACIT [2014 (8) TMI 1127 - ITAT JAIPUR] whereby the claim of the assessee was allowed. - Decided against revenue
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