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2016 (5) TMI 208 - SCH - Income TaxAscertained liability – whether provisions of interest can be disallowed as the provisions amounted to unascertained liability - Held that:- Matter is covered against the Revenue by the judgment of this court in Taparia Tools Limited v. Joint CIT [2015 (3) TMI 853 - SUPREME COURT] wherein held that there is no estoppel against the Statute and the Act enables and entitles the assessee to claim the entire expenditure in the manner it is claimed. Thus the assessee would be entitled to deduction of the entire expenditure respectively in the year in which the amount was actually paid. - Decided in favour of assessee.
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