https://www.taxtmi.com/caselaws?id=371219 The Court affirmed the Tribunal's decision in favor of the Assessee regarding the deletion of additions made on account of provisions for performance-related pay to the director and staff amounting to Rs. 1,77,87,000. The Court held that the liability had crystallized, as evidenced by the provision made in the Profit and Loss Account, and the delay in payment was due to pending approval, not negating the Assessee's right to claim the expense. The appeal by the Revenue was dismissed, upholding the Tribunal's decision in favor of the Assessee. en-us Tue, 27 Nov 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371219 The Court affirmed the Tribunal's decision in favor of the Assessee regarding the deletion of additions made on account of provisions for performance-related pay to the director and staff amounting to Rs. 1,77,87,000. The Court held that the liability had crystallized, as evidenced by the provision made in the Profit and Loss Account, and the delay in payment was due to pending approval, not negating the Assessee's right to claim the expense. The appeal by the Revenue was dismissed, upholding the Tribunal's decision in favor of the Assessee. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371219