https://www.taxtmi.com/caselaws?id=294112 The ITAT Chennai upheld the CIT(Appeals) decision in the case involving an appeal by Revenue against the provision for wage arrears made by a Public sector Transport Undertaking for AY 2006-07. The ITAT found the provision was made in accordance with a wage settlement agreement, constituting an ascertained liability. The CIT(Appeals) order directing the Assessing Officer to allow the provision after verification was upheld, and the Revenue's appeal was dismissed for lacking merit. en-us Wed, 07 Aug 2013 00:00:00 +0530 Sat, 20 Mar 2021 14:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294112 The ITAT Chennai upheld the CIT(Appeals) decision in the case involving an appeal by Revenue against the provision for wage arrears made by a Public sector Transport Undertaking for AY 2006-07. The ITAT found the provision was made in accordance with a wage settlement agreement, constituting an ascertained liability. The CIT(Appeals) order directing the Assessing Officer to allow the provision after verification was upheld, and the Revenue's appeal was dismissed for lacking merit. Case-Laws Income Tax Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294112