Tribunal held that, where provision was made on a reasonable and scientific basis, the same had to be allowed as a deduction after verification of the fact that the assesse actually paid the said amount in the subsequent years. (AY. 2008-09)
M. P. Police Housing Corporation Ltd. v. ACIT (2018) 68 ITR 53 (Indore)(Trib.)
S. 36(1)(iii) : Interest on borrowed capital–Provision for interest on funds provided by government–Held to be allowable, subject to verification of payments in the subsequent years.