Assessee's Provisions for Raw Materials and Spares Disallowed as Contingent Liabilities; Additions Confirmed Due to Lack of Evidence.

Assessee's Provisions for Raw Materials and Spares Disallowed as Contingent Liabilities; Additions Confirmed Due to Lack of Evidence. https://www.taxtmi.com/highlights?id=72779 Disallowing the provisions made for raw materials, stores and spares treating the same as contingent liability - the assessee could not file any evidence or could not explain how this amount is allowable. - Additions confirmed - AT en-us Sat, 28 Oct 2023 13:45:00 +0530 Sat, 28 Oct 2023 13:45:00 +0530 TaxTMI RSS Generator Assessee's Provisions for Raw Materials and Spares Disallowed as Contingent Liabilities; Additions Confirmed Due to Lack of Evidence. https://www.taxtmi.com/highlights?id=72779 Disallowing the provisions made for raw materials, stores and spares treating the same as contingent liability - the assessee could not file any evidence or could not explain how this amount is allowable. - Additions confirmed - AT Highlights Income Tax Sat, 28 Oct 2023 13:45:00 +0530 https://www.taxtmi.com/highlights?id=72779