https://www.taxtmi.com/caselaws?id=274637 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling in favor of the assessee and against the revenue. The Court found no error in the disallowance of additions made by the Assessing Officer, confirming the Tribunal's orders in each appeal. The judgment emphasized the importance of meeting specific criteria for recognizing provisions and highlighted the relevance of past decisions and accounting standards in determining the outcome of the appeals. en-us Thu, 07 Jul 2016 00:00:00 +0530 Thu, 19 Aug 2021 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274637 The High Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling in favor of the assessee and against the revenue. The Court found no error in the disallowance of additions made by the Assessing Officer, confirming the Tribunal's orders in each appeal. The judgment emphasized the importance of meeting specific criteria for recognizing provisions and highlighted the relevance of past decisions and accounting standards in determining the outcome of the appeals. Case-Laws Income Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274637