Rental Expense Deductions Denied Due to Lack of Basis and Contingent Nature; Additions by Revenue Confirmed.

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....Disallowance of provision towards rental expenses - This is purely on the basis of the estimate and was rightly treated as contingent in nature and not allowed as a deduction by the Revenue authorities. In this regard, we are of the view that the assessee has not given any basis for its anticipated liability towards rental expenses nor has he quantified the basis of arriving at the anticipated liability. - Additions confirmed - AT....