https://www.taxtmi.com/caselaws?id=398749 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal regarding the deletion of a provision for expenses of Rs. 10.24 crore. It was determined that the provision was not adhoc but based on actual expenses, following consistent accounting practices. The Tribunal found the provisions were made diligently and not unreliable estimates, as the actual expenses exceeded the provisions. As a result, the appeal was dismissed, affirming that no disallowance could be made under section 40(a)(ia) due to the nature of the provisions. en-us Fri, 18 Sep 2020 00:00:00 +0530 Wed, 23 Sep 2020 10:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398749 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal regarding the deletion of a provision for expenses of Rs. 10.24 crore. It was determined that the provision was not adhoc but based on actual expenses, following consistent accounting practices. The Tribunal found the provisions were made diligently and not unreliable estimates, as the actual expenses exceeded the provisions. As a result, the appeal was dismissed, affirming that no disallowance could be made under section 40(a)(ia) due to the nature of the provisions. Case-Laws Income Tax Fri, 18 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398749