H.P.STATE CIVIL SUPPLIES CORPORATION vs. ASSTT.COMMISSIONER OF INCOME TAX
ITA/56/2008HC Himachal Pradesh31 Dec 2024
Bench: HON'BLE MR. JUSTICE TARLOK SINGH CHAUHAN,HON'BLE MR. JUSTICE SATYEN VAIDYA
Section 260Section 37Section 37(1)
disallowing the deduction of
Rs. 45,00,000/-, the CIT(A)recorded the following reasons:-
a)
As; there was no specific provision under Section
36 of the Act relating to contribution to leave
encashment
fund,
the
amount
of
Rs.
45,00,000/- paid into the said fund by the
assessee had no statutory recognition.
b)
There was no ascertained liability
