Disallowance of deduction claimed in respect of transitional ...

High Court Overturns Tribunal, Allows Deductions for Transitional Liabilities on HTC, LFC, and Resettlement Expenses.

June 4, 2021

Case Laws Income Tax HC

Disallowance of deduction claimed in respect of transitional liability - scientific method adopted for ascertaining the transitional liability of Home Travel Concession (HTC) and Leave Fare Concession (LFC), Silver Jubilee Awards and Re settlement expenses - The Tribunal has affirmed the findings of the Commissioner of Income Tax (Appeals) in a cryptic and cavalier manner. - Deduction allowed - HC

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Disallowance of deduction claimed in respect of transitional ...

High Court Overturns Tribunal, Allows Deductions for Transitional Liabilities on HTC, LFC, and Resettlement Expenses.

June 4, 2021

Case Laws Income Tax HC

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