https://www.taxtmi.com/caselaws?id=372557 The Assessee's appeal regarding the disallowance of ad-hoc provision of salary and denial of change in accounting policy was dismissed. The Tribunal upheld that the liability for the pay revision had not accrued during the relevant financial year and that the change in accounting policy was not in compliance with Accounting Standard-9. However, the Revenue's appeal was partly allowed for statistical purposes regarding the disallowance under Section 14A of the Income Tax Act. The Tribunal found that proper verifications were lacking and remanded the issue back to the Assessing Officer for fresh consideration. en-us Fri, 21 Dec 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372557 The Assessee's appeal regarding the disallowance of ad-hoc provision of salary and denial of change in accounting policy was dismissed. The Tribunal upheld that the liability for the pay revision had not accrued during the relevant financial year and that the change in accounting policy was not in compliance with Accounting Standard-9. However, the Revenue's appeal was partly allowed for statistical purposes regarding the disallowance under Section 14A of the Income Tax Act. The Tribunal found that proper verifications were lacking and remanded the issue back to the Assessing Officer for fresh consideration. Case-Laws Income Tax Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372557