https://www.taxtmi.com/caselaws?id=392537 The Revenue's appeal against the deletion of an addition for contingent and unascertained expenditure was dismissed. The Tribunal upheld the decision that the provision for pay revision was an ascertained liability. The assessee's appeal regarding the disallowance of write-off of doubtful loans and advances to a subsidiary was allowed for statistical purposes. The matter was remitted back to the CIT(A) for fresh consideration due to discrepancies in understanding the accounting entries. en-us Mon, 17 Feb 2020 00:00:00 +0530 Sat, 22 Feb 2020 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392537 The Revenue's appeal against the deletion of an addition for contingent and unascertained expenditure was dismissed. The Tribunal upheld the decision that the provision for pay revision was an ascertained liability. The assessee's appeal regarding the disallowance of write-off of doubtful loans and advances to a subsidiary was allowed for statistical purposes. The matter was remitted back to the CIT(A) for fresh consideration due to discrepancies in understanding the accounting entries. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392537