https://www.taxtmi.com/caselaws?id=420034 The Tribunal remitted the matters back to the Assessing Officer (AO) for fresh decisions, directing the AO to allow deductions based on actual payments made during the year for both the Medical Check-up Provision (MCP) and the Escrow Disbursement Provision (EDP) for the respective assessment years. The Tribunal highlighted the importance of providing detailed and accurate information for provisions and adjustments, emphasizing the need for a scientific basis in determining deductible amounts. Both appeals were allowed for statistical purposes, with the reassessment to be based on actual payment basis and necessary details provided by the assessee. en-us Mon, 21 Mar 2022 00:00:00 +0530 Thu, 24 Mar 2022 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420034 The Tribunal remitted the matters back to the Assessing Officer (AO) for fresh decisions, directing the AO to allow deductions based on actual payments made during the year for both the Medical Check-up Provision (MCP) and the Escrow Disbursement Provision (EDP) for the respective assessment years. The Tribunal highlighted the importance of providing detailed and accurate information for provisions and adjustments, emphasizing the need for a scientific basis in determining deductible amounts. Both appeals were allowed for statistical purposes, with the reassessment to be based on actual payment basis and necessary details provided by the assessee. Case-Laws Income Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420034