Deduction claimed for a pay/wage revision is an ascertained liability not contingent
March 19, 2016
Income Tax, ITAT, Judgments
The deduction claimed for a pay/wage revision is an ascertained liability and cannot be termed as contingent because the wage and probable revision or rates of revision would be within the fair estimation of the employer. Case Law Details: INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘B’ NEW DELHI I.T.A …