https://www.taxtmi.com/caselaws?id=382375 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision, ruling that the provision for future expenses was an ascertained liability and allowable as a deduction under section 37(1) of the Income-tax Act. The appeals by the Revenue for the assessment years 2011-12 and 2012-13 were dismissed, confirming that the provision was not contingent and should be deductible. en-us Fri, 03 May 2019 00:00:00 +0530 Mon, 01 Jul 2019 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382375 The Tribunal upheld the Commissioner of Income-tax (Appeals)'s decision, ruling that the provision for future expenses was an ascertained liability and allowable as a deduction under section 37(1) of the Income-tax Act. The appeals by the Revenue for the assessment years 2011-12 and 2012-13 were dismissed, confirming that the provision was not contingent and should be deductible. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382375