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2013 (4) TMI 140 - HC - Income TaxDisallowance U/s 14A of the Income-tax Act, 1961 - Held that:- Following this judgment CIT v. Catholic Syrian Bank Ltd.2010 (10) TMI 806 - Kerala High Court)we answer this question against the assessee and in favour of the Revenue. Assessment of excess cash - Shown under Suspense account under the head "other liabilities and provisions" - held that:- assessee themselves conceded that the amount is excess cash with them retained for several years and there is no claimant for the same. - the appellant cannot treat it as a liability or a provision for liability. - Further, as and when a claim is made and the appellant has to make any payment, the same will be allowable as a deduction in the year in which the claim is made. - additions confirmed - decided against the assessee.
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