High Court dismissing the appeal of the Revenue on the ground that the Tribunal was right in deleting the disallowance made by the assessing authority in respect of future expenses claimed as deduction under section 37 holding that the provision claimed by the assessee was an allowable deduction. SLP of Revenue is dismissed for failure to condone delay of 289 days. (AY. 2014-15)
PCIT v.Century Real Estate Holdings Pvt. Ltd. (2024)467 ITR 16 (SC) Editorial : PCIT v.Century Real Estate Holdings Pvt. Ltd. (2024)467 ITR 13 /167 taxmann.com 220 (Karn)(HC)
S. 37(1) : Business expenditure-Provision for contingent liabilities-High Court affirmed the order of Tribunal-SLP of Revenue is dismissed for failure to condone delay of 289 days. [Art. 136]