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Income Tax - Highlights / Catch Notes

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Disallowance of provision for expenses - Since, assessee could ...


Provision for Expenses Disallowed Due to Lack of Evidence and Unascertained Liability in Relevant Assessment Year.

January 19, 2024

Case Laws     Income Tax     AT

Disallowance of provision for expenses - Since, assessee could not file any evidence and also basis for quantifying amount of provision made for expenses, in our considered view said provision can only be treated as unascertained liability, which is not crystallized during the impugned assessment year. - AT

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