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2008 (9) TMI 21 - HC - Income TaxAssessee provided a sum under the head ‘salaries & wages’, pending revision – AO made additions on ground that liability on account of wage revision had not been ascertained & accrued during the year which ended on 31.3.1998 – Tribunal observed that Accounting Standard 4 issued by ICAI is not applicable & there was no indication of any revision for the year 1.7.97 to 31.3.98 – tribunal rightly hold that liability itself had been incurred only during the F.Y. 1998-99 – assessee appeal dismissed
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