https://www.taxtmi.com/caselaws?id=753709 The ITAT Raipur allowed the assessee's appeal regarding pay revision provision of Rs. 17.65 crore for executives' salaries and fringe benefits from January 2017 to March 2017. Following the Delhi HC judgment in Housing and Urban Development Corporation Ltd., the Tribunal held that the provision was justified despite delayed communication from Coal India Limited, as the liability was already under negotiation and ascertained. The TDS credit mismatch issue was dismissed as infructuous since the AO had already allowed the credit. The amortization of deferred grant matter was restored to the AO for re-adjudication with proper opportunity for the assessee to be heard. en-us Thu, 11 Jan 2024 00:00:00 +0530 Fri, 07 Jun 2024 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753709 The ITAT Raipur allowed the assessee's appeal regarding pay revision provision of Rs. 17.65 crore for executives' salaries and fringe benefits from January 2017 to March 2017. Following the Delhi HC judgment in Housing and Urban Development Corporation Ltd., the Tribunal held that the provision was justified despite delayed communication from Coal India Limited, as the liability was already under negotiation and ascertained. The TDS credit mismatch issue was dismissed as infructuous since the AO had already allowed the credit. The amortization of deferred grant matter was restored to the AO for re-adjudication with proper opportunity for the assessee to be heard. Case-Laws Income Tax Thu, 11 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753709