https://www.taxtmi.com/caselaws?id=361324 Retrenchment compensation and related labour benefits recorded as an outstanding liability were treated as a real accrual-based obligation, supported by ledger accounts, muster rolls, worker-wise details and partial payments made when funds were received from the principal contractor. The material showed a continuing liability arising from retrenchment of labour rather than a fictitious or merely contingent claim, and the liability had not ceased to exist on the facts found by the first appellate authority. The addition was therefore not warranted and its deletion was upheld in favour of the assessee. en-us Wed, 30 May 2018 00:00:00 +0530 Mon, 04 Jun 2018 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361324 Retrenchment compensation and related labour benefits recorded as an outstanding liability were treated as a real accrual-based obligation, supported by ledger accounts, muster rolls, worker-wise details and partial payments made when funds were received from the principal contractor. The material showed a continuing liability arising from retrenchment of labour rather than a fictitious or merely contingent claim, and the liability had not ceased to exist on the facts found by the first appellate authority. The addition was therefore not warranted and its deletion was upheld in favour of the assessee. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361324