Liability for payment of arrears of salary - As a certain ...

Company Liable for Salary Arrears; Provision in Financial Records Permissible for Impugned Assessment Year.

October 31, 2020

Case Laws     Income Tax     AT

Liability for payment of arrears of salary - As a certain liability for the impugned assessment year. The assessee company can make provision for the certain liability which is certainly to be paid, therefore, the assessee company has rightly made provision for the arrears of salary in his books of accounts. - AT

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