Addition of compensation payable for unauthorised slum dwellers ...

Court Confirms Compensation to Unauthorized Slum Dwellers as Genuine Liabilities, Not Contingent or Unascertained, Allowing Deductions.

January 13, 2022

Case Laws Income Tax AT

Addition of compensation payable for unauthorised slum dwellers - contingent liability or as an unascertained liability - assessee had been continuing to make payments by discharging the liabilities as could be seen in the table in subsequent years. Hence, we hold that Apatra Expenses and compensation payable to various slum dwellers are genuine liabilities not warranting any disallowance thereon.- AT

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Addition of compensation payable for unauthorised slum dwellers ...

Court Confirms Compensation to Unauthorized Slum Dwellers as Genuine Liabilities, Not Contingent or Unascertained, Allowing Deductions.

January 13, 2022

Case Laws Income Tax AT

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