2023 (4) TMI 1368

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....inesh Kumar And Hon'ble Mr Justice C.M. Poonacha For the Appellants : Sri. Dilip M, Standing Counsel For Sri Aravind K V., Standing Counsel For the Respondent : Sri. Aravind V Chavan., Advocate JUDGMENT This appeal by the Revenue challenging the order dated 24.6.2020 in ITA No.284/BANG/2020 passed by the ITAT (Income tax Appellate Tribunal, Bengaluru Bench), "B" Bench, Bangalore, has been ....

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....ssee is an allowable expense ignoring the fact that the provision claimed was not on the basis of past event, quantification of the same was not substantiated before assessing authority which are the guidelines/ principles laid down by the Hon'ble Apex Court in the case of BEML Ltd (reported in 245 ITR Page 428) for allowing estimated future liabilities with regard to assessee's following ....