2021 (4) TMI 357

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..... is a mere provision created in the balance sheet and does not constitute an ascertained liability which is contingent in nature and therefore not an allowable deduction? - whether the assessee has followed the test laid down by the Hon'ble Supreme Court in the case of CIT Vs. Woodward Governor India [ 2009 (4) TMI 4 - SUPREME COURT ] - HELD THAT:- Commissioner of Income Tax (Appeals)-1, Chenn .....

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..... ppellant: Mrs.R.Hemalatha, SSC For Respondent: Mr.G.Baskar JUDGMENT T.S. SIVAGNANAM, J These appeals, filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short, the Act), are directed against the common order dated 13.07.2016 made in I.T.A.Nos.2099 and 2100/Mds/2015 on the file of the Income Tax Appellate Tribunal, Madras 'D' Bench, Chennai (&# .....

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..... alatha, learned Senior Standing Counsel appearing for the appellant Revenue and Mr.G.Baskar, learned counsel for the respondent. 4. The short issue which falls for consideration is whether the assessee has followed the test laid down by the Hon'ble Supreme Court in the case of CIT Vs. Woodward Governor India (P.) Ltd. [(2009) 179 Taxman 326]. 5. The Commissioner of Income Tax (App .....

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