https://www.taxtmi.com/caselaws?id=390465 The Tribunal allowed the appeal of the assessee, setting aside the order of the CIT(A) and treating the provision for the differential price as an allowable expenditure under section 37(1) of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the disallowance of the amount, holding that the provision was an accrued liability and made on a scientific basis. The appeal was pronounced in favor of the assessee on December 4, 2019. en-us Wed, 04 Dec 2019 00:00:00 +0530 Fri, 03 Jan 2020 12:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390465 The Tribunal allowed the appeal of the assessee, setting aside the order of the CIT(A) and treating the provision for the differential price as an allowable expenditure under section 37(1) of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the disallowance of the amount, holding that the provision was an accrued liability and made on a scientific basis. The appeal was pronounced in favor of the assessee on December 4, 2019. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390465