Sixth Pay Commission Salary Provision Allowed as Ascertained Liability

Haffkine Bio Pharmaceutical Corporation Vs ACIT (ITAT Mumbai) ITAT Mumbai Allows Provision for Sixth Pay Commission Salary Arrears as Ascertained Liability The Mumbai Bench of the ITAT allowed the appeal of Haffkine Bio-Pharmaceutical Corporation for AY 2007-08, holding that the provision of ₹2 crore made towards anticipated salary revision under the Sixth Pay Commission was an allowable deduction The Tribunal noted that the assessee, a Government of Maharashtra undertaking, was bound to implement Pay Commission recommendations and had consistently followed the practice of creating salary pr...