Court Rules in Favor of Assessee on Amortization of Voluntary Retirement Scheme Expenditure, Rejects Department's Stance.

Court Rules in Favor of Assessee on Amortization of Voluntary Retirement Scheme Expenditure, Rejects Department's Stance. https://www.taxtmi.com/highlights?id=61900 Amortisation of expenditure incurred under voluntary retirement scheme - Question framed by this Court is answered in favour of the Assessee and against the Department by holding that allowance and deduction under the VRS scheme are to be based on the entire accrued liability incurred and not just of the amount actually paid during the relevant AY. - HC en-us Thu, 10 Feb 2022 18:21:51 +0530 Thu, 10 Feb 2022 18:21:51 +0530 TaxTMI RSS Generator Court Rules in Favor of Assessee on Amortization of Voluntary Retirement Scheme Expenditure, Rejects Department's Stance. https://www.taxtmi.com/highlights?id=61900 Amortisation of expenditure incurred under voluntary retirement scheme - Question framed by this Court is answered in favour of the Assessee and against the Department by holding that allowance and deduction under the VRS scheme are to be based on the entire accrued liability incurred and not just of the amount actually paid during the relevant AY. - HC Highlights Income Tax Thu, 10 Feb 2022 18:21:51 +0530 https://www.taxtmi.com/highlights?id=61900