Deduction of Provision made towards long service benefit ...

Court Remands Case on Deduction of Long Service Benefit Liabilities for Further Examination Due to Insufficient Explanation.

September 1, 2021

Case Laws Income Tax AT

Deduction of Provision made towards long service benefit liability - Crystalization and Accrual of expenses - scientific basis for creating a provision - when the employee leaves the assessee-company prior to completion of ten years, how the provision is reduced on year to year basis, is also not explained. Before us, no explanation was offered - Matter remanded back - AT

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Deduction of Provision made towards long service benefit ...

Court Remands Case on Deduction of Long Service Benefit Liabilities for Further Examination Due to Insufficient Explanation.

September 1, 2021

Case Laws Income Tax AT

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