https://www.taxtmi.com/caselaws?id=405522 The High Court allowed the appeal in favor of the assessee, setting aside the judgment and ruling that the provision for wage arrears should be considered an ascertained liability and entitled to deduction. The Court criticized the Tribunal's non-compliance with directions and emphasized the deductibility of estimated expenditures incurred by the appellant. The appeal was dismissed based on legal precedents cited by the respondent, deciding against the Revenue and in favor of the assessee, with no costs awarded. en-us Fri, 19 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405522 The High Court allowed the appeal in favor of the assessee, setting aside the judgment and ruling that the provision for wage arrears should be considered an ascertained liability and entitled to deduction. The Court criticized the Tribunal's non-compliance with directions and emphasized the deductibility of estimated expenditures incurred by the appellant. The appeal was dismissed based on legal precedents cited by the respondent, deciding against the Revenue and in favor of the assessee, with no costs awarded. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405522