Provision for ascertain liability towards wage arrears is allowable as deduction in year in which it is made

INCOME TAX : Where provision for wage arrears made by assessee company was an ascertained liability, same was to be allowed as deduction for accounting year during which provision was made notwithstanding fact that said provision was accounted on cash basisINCOME TAX : Where provision for wage arrears made by assessee company was an ascertained liability, same was to be allowed as deduction for accounting year during which provision was made notwithstanding fact that said provision was accounted on cash basiswww.taxmann.com Latest Case LawsRead More

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