M/S. NUMALIGARH REFINERY LTD.,GUWAHATI vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, appeals of the assessee in I

Bench: Shri S.S. Godara, Jm & Dr. A.L. Saini, Am Assessee`S Appeals

disallowance of claim of deduction of expenses under the head ‘Retirement Benefit of employees’. The brief facts qua the issue are that for the assessment year 2007-08, the assessee claimed deduction of Rs.1,00,22,722/-being provisions for retiring benefits of employees, in computation of income under the general provisions of the Act as well as in determining

M/S. NUMALIGARH REFINERY LTD.,GUWAHATI vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, appeals of the assessee in I