https://www.taxtmi.com/caselaws?id=391928 The court allowed the appeal, ruling in favor of the appellant on both issues. The disallowance of Rs. 1.60 crores for pay revision was deemed incorrect as the liability had accrued with certainty. Additionally, the addition of Rs. 1.28 crores due to a change in accounting policy was unjustified, as the income did not accrue with certainty at the signing of the loan agreement. The court directed the revenue to accept the deductions and set aside the ITAT's order. en-us Thu, 06 Feb 2020 00:00:00 +0530 Thu, 12 Mar 2020 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391928 The court allowed the appeal, ruling in favor of the appellant on both issues. The disallowance of Rs. 1.60 crores for pay revision was deemed incorrect as the liability had accrued with certainty. Additionally, the addition of Rs. 1.28 crores due to a change in accounting policy was unjustified, as the income did not accrue with certainty at the signing of the loan agreement. The court directed the revenue to accept the deductions and set aside the ITAT's order. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391928