Provision for Solid Waste Disposal Expenses being an accrued liability is allowable

ACIT Vs Green Environment Services Co-op Society Ltd. (ITAT Ahmedabad) ITAT Ahmedabad held that provision for Solid Waste Disposal Expenses made by the assessee is not a contingent liability but is an accrued liability and therefore claim of assessee is allowable. Facts- AO noted that the assessee had claimed an amount of Rs.7,77,73,600/- as provision for expenses of solid waste disposal. Since, as per the AO, the assessee did not submit any documentary evidence clarifying whether the amount for which provision was made was based on actual incurrence of expenses and inquiry revealed that expen...