2018 (11) TMI 1313

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....DR) ORDER PER S.S.GODARA, JUDICIAL MEMBER:- This assessee's appeal for assessment year 2014-15 calls into question the Commissioner of Income Tax (Appeals)-2, Kolkata's order dated 25.07.2017 passed in case No.11843/CIT(A)-2/16-17 ex-parte upholding Assessing Officer's action disallowing / adding interest amount provision of Rs.15,02,64,000/- under section 43B, provision of gratuity / leave sal....

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....,000/-. Relevant paper book page 3 note 24 comprises of assessee's financial cost reveals that it had made the impugned provision on account of accumulated interest on government loans involving the sum in question of Rs.15,02,64,000/-. The Assessing Officer invoked section 43B of the Act to conclude that the same would be allowable only on actual payment a based on a mere provision. The CIT(A) up....