Dismissing the appeal of the revenue the Tribunal held that provision for arrears of wages are made on the basis of 6th Pay Commission. The amount was quantified and paid latter years. Allowable as deduction. (AY. 2009-10, 2010-11)
ACIT v. Chennai Central Co-Operative Bank Ltd. (2021) 209 TTJ 652 / 198 DTR 61 (Chennai)(Trib.)
S. 37(1) : Business expenditure-Arrears of wages on the basis of 6th Pay Commission-Quantified and paid latter years-Allowable as deduction. [S. 40(a)(ia),145]