2021 (1) TMI 126

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....CE H.T. NARENDRA PRASAD APPELLANT: SRI. SURYANARAYANA T, ADVOCATE RESPONDENT: SRI. K.V. ARAVIND, ADVOCATE JUDGMENT Mr. T. Suryanarayana, learned counsel for the assessee. Mr. K.V. Aravind, learned counsel for the revenue. 2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) has been filed by the assessee. The sub....

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....ent year between the upper limit allowable under Section 36(1)(viia) and the actual amount created as a provision in its books in the present year ought to nevertheless be allowed as a deduction in the present year on account of the provision created in the subsequent year that was in excess of such shortfall?" 3. When the matter was taken up today, learned counsel for the assessee fairly submi....