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| The Tax Publishers2020 TaxPub(DT) 3087 (Mum-Trib) : (2020) 184 ITD 0621 INCOME TAX ACT, 1961
Section 37(1)
Deduction was allowable in respect of estimated liability regarding incremental wages before final agreement was entered and, therefore, provision for pending labour demand could not be disallowed.
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Business expenditure - Allowability - Provision for pending labour demand -
Assessee-company claimed deduction of provision for pending labour demand, AO disallowed deduction holding that it was contingent in nature.Held: Deduction was allowable in respect of estimated liability regarding incremental wages before final agreement was entered and, therefore, provision for pending labour demand could not be disallowed.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2005-06
INCOME TAX ACT, 1961
Section 37(1)
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