https://www.taxtmi.com/highlights?id=56434 Disallowance of wage arrears u/s 40a(ia) - contingent liability or not - non deduction of TDS - assessee created an adhoc provision for wage arrears - Liability has been provided in books of accounts when it was accrued for the impugned assessment years for the services rendered and hence the same cannot be considered as contingent in nature or unascertained liability, merely for the reason that the said liability was quantified and paid in subsequent financial years - No additions - AT en-us Fri, 22 Jan 2021 11:30:03 +0530 Fri, 22 Jan 2021 11:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56434 Disallowance of wage arrears u/s 40a(ia) - contingent liability or not - non deduction of TDS - assessee created an adhoc provision for wage arrears - Liability has been provided in books of accounts when it was accrued for the impugned assessment years for the services rendered and hence the same cannot be considered as contingent in nature or unascertained liability, merely for the reason that the said liability was quantified and paid in subsequent financial years - No additions - AT Highlights Income Tax Fri, 22 Jan 2021 11:30:03 +0530 https://www.taxtmi.com/highlights?id=56434