Bombay High Court Dismisses Revenue's Appeals in Income Tax Case — Provision for Incremental Arrears Under NCWA Held to be Known Liability. The Court upheld the ITAT's decision allowing deduction for provision made for incremental arrears and overloading charges paid to railways under the Income Tax Act, 1961.
13 Jan 2016The case involves four income tax appeals filed by the Commissioner of Income Tax against Western Coalfields Ltd. The common questions were whether th...
