https://www.taxtmi.com/caselaws?id=411522 The ITAT allowed the appeal, directing the deduction of the compensation amount paid during the relevant assessment year and the balance amount in the subsequent year. The decision was based on the recognition of the liability as per the court order and Accounting Standard-4, ensuring a fair resolution of the dispute. en-us Wed, 25 Aug 2021 00:00:00 +0530 Fri, 27 Aug 2021 08:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411522 The ITAT allowed the appeal, directing the deduction of the compensation amount paid during the relevant assessment year and the balance amount in the subsequent year. The decision was based on the recognition of the liability as per the court order and Accounting Standard-4, ensuring a fair resolution of the dispute. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411522