https://www.taxtmi.com/caselaws?id=370037 The Tribunal allowed the Revenue's appeal, upholding the Assessing Officer's disallowance of provisions for contract loss amounting to Rs. 1,33,41,882. The Tribunal found that the provisions for Rs. 70,00,000 and Rs. 55,00,000 were not crystallized liabilities during the relevant financial year, setting aside the CIT(A)'s decision to allow these provisions. en-us Mon, 03 Sep 2018 00:00:00 +0530 Thu, 08 Nov 2018 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370037 The Tribunal allowed the Revenue's appeal, upholding the Assessing Officer's disallowance of provisions for contract loss amounting to Rs. 1,33,41,882. The Tribunal found that the provisions for Rs. 70,00,000 and Rs. 55,00,000 were not crystallized liabilities during the relevant financial year, setting aside the CIT(A)'s decision to allow these provisions. Case-Laws Income Tax Mon, 03 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370037