2015 (10) TMI 2578

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..... 91 - DELHI HIGH COURT] there is no reasonable scientific method adopted by the Assessees to estimate the transit breakages so as to justify creating of provision for such breakages. The provision would, in the circumstances, be a provision for a contingent liability and, therefore, in terms of the AS 29 ought not be recognised. The actual transit breakages as and when they occur are allowabl .....

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..... ngent in nature or based on a scientific basis and as such was not an allowable deduction while computing the total income of the Appellant for the year under consideration? 2. In view of the judgment passed toda y in ITA Nos. 898 of 2009, 899 of 2009, 900 of 2009, 901 of 2009 and 237 of 2015 [ Seagram Distilleries Pvt. Ltd . (now Pernod Ricard India Pvt. Ltd.) v. Commissioner of Income Tax .....

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