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TMI Blog2024 (3) TMI 212X X X X Extracts X X X X X X X X Extracts X X X X ..... an Sanghani, Senior Standing Counsel For Mrs Kalpana K Raval For the Opponent(s) : None ORAL ORDER (PER : HONOURABLE MRS. JUSTICE MAUNA M. BHATT) 1 This appeal by the revenue under Sec.260-A of the Income Tax Act, 1961, is directed against the order dated 06.03.2023, passed by the Income Tax Appellate Tribunal, 'C' Branch, Ahmedabad, in ITA No. 343/Ahd/2019 for the Assessment Year 2015-16. 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... same. 2.2 Aggrieved by the disallowance made, the assessee preferred an appeal before the CIT(A). The CIT(A) allowed the appeal of the assessee mainly on the ground that the expenses have been accrued and also claimed by adopting scientific method. The CIT(A) thus allowed the appeal of the assessee. 2.3 Aggrieved by the order of the CIT(A), the revenue preferred an appeal before the ITAT and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d as per the future activities as against the receipt of the income of corresponding obligation and liability. 3.2 The ITAT while confirming the order of CIT(A) has held as under: "6. We have heard both the parties and have gone through the orders of the authorities below. We find that the ld. CIT(A) has held the provision created by taking note of the fact that inc,e in relation to the solid w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome to be computed in accordance with notified accounting standards. The Ld. DR was unable to controvert the same. In view of the above, we find no infirmity in the findings of the Ld.CIT(A) that the provision made by the assessee was not a contingent liability but an accrued liability, and therefore was allowable claim of the assessee. The order of the ld. CIT(A) is accordingly upheld, and the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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