Deduction for Arrear Salary Payments Allowed as Ascertained Liability Under 6th Pay Commission Recommendations in Profit & Loss Account.

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....Contingent and unascertained expenditure - liabilities to pay arrear salary to the employees as per the recommendation of 6th Pay Commission - CIT(A) has rightly allowed the deduction towards pay revision debited to the profit and loss account holding the same as ascertained liability crystallized during the year under consideration. - AT....