https://www.taxtmi.com/caselaws?id=176643 The appeal was filed against the disallowance of provisions for expenses amounting to Rs. 10,37,000 for the assessment year 2009-10. The Tribunal ruled in favor of the assessee, holding that the provisions were made on a bona fide estimate and were based on actual crystallization of expenses. The Tribunal found no justifiable reason to disallow the expenses, especially since any excess amount was returned and offered for taxation in the subsequent year. The appeal was allowed in part, with the disallowance under section 14A being dismissed as not pressed. en-us Wed, 31 Dec 2014 00:00:00 +0530 Fri, 25 Dec 2015 12:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176643 The appeal was filed against the disallowance of provisions for expenses amounting to Rs. 10,37,000 for the assessment year 2009-10. The Tribunal ruled in favor of the assessee, holding that the provisions were made on a bona fide estimate and were based on actual crystallization of expenses. The Tribunal found no justifiable reason to disallow the expenses, especially since any excess amount was returned and offered for taxation in the subsequent year. The appeal was allowed in part, with the disallowance under section 14A being dismissed as not pressed. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176643