https://www.taxtmi.com/caselaws?id=330137 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), dismissing the Revenue's appeal. The Tribunal confirmed that tax was not deductible on provisions made without identifying the payee. The consistent accounting method followed by the assessee, accepted by the Department in subsequent years, was crucial in the decision. The appeal was dismissed, and the decision was rendered on 10th June 2016. en-us Fri, 10 Jun 2016 00:00:00 +0530 Wed, 06 Jul 2016 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330137 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), dismissing the Revenue's appeal. The Tribunal confirmed that tax was not deductible on provisions made without identifying the payee. The consistent accounting method followed by the assessee, accepted by the Department in subsequent years, was crucial in the decision. The appeal was dismissed, and the decision was rendered on 10th June 2016. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330137