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2017 (4) TMI 251 - HC - Income TaxDisallowance of provision for expected loss/defect liability - Held that:- Considering the fact that the assessee accumulated loss of ₹ 16.50 Crores as on 31st March 2005 and has got total carried forward loss of ₹ 25.59 Crores at the end of A.Y 2006-2007, as rightly observed by the learned CIT [A], no motive of reduction tax liability can be assigned to the assessee for the change in the method of accounting of provision for liability. It is not in dispute that the assessee had no tax liability even in the subsequent year. Under the circumstances and even otherwise in the facts and circumstances of the case, it cannot be said that the learned ITAT has committed any error in deleting the disallowance made by the Assessing Officer. - Decided against revenue
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