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Sixth Pay Commission Salary Provision Allowed as Ascertained Liability
Case Law Details
- Case Name
- Haffkine Bio Pharmaceutical Corporation Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
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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 c...
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