https://www.taxtmi.com/highlights?id=55830 Addition of contingent liability, which do not constitute expenditure and not allowable u/s 37 (1) - The assessee Board does not have any domain or control on this issue. It is the Ministry of Petroleum & Natural Gases which advises the Board about the payment of royalty to the respective State Governments which is evident from the letters produced by the Assessee Board during the Assessment Proceedings and the appellate proceedings. Thus, the CIT(A) has rightly deleted the said addition - AT en-us Thu, 10 Dec 2020 08:23:48 +0530 Thu, 10 Dec 2020 08:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55830 Addition of contingent liability, which do not constitute expenditure and not allowable u/s 37 (1) - The assessee Board does not have any domain or control on this issue. It is the Ministry of Petroleum & Natural Gases which advises the Board about the payment of royalty to the respective State Governments which is evident from the letters produced by the Assessee Board during the Assessment Proceedings and the appellate proceedings. Thus, the CIT(A) has rightly deleted the said addition - AT Highlights Income Tax Thu, 10 Dec 2020 08:23:48 +0530 https://www.taxtmi.com/highlights?id=55830