Allowance cannot be made merely because future payments were made out of the funds said to be kept in the suspense account

Madras High Court Dated: 01.08.2011 Tax Case (Appeal) No. 534 of 2004 Commissioner of Income Tax, Madurai Vs. K. A. S. Mathivanan APPEAL under Section 260A of the Income Tax Act against the order dated 9.9.2003 made in ITA No.1297/Mds/96 on the file of the Income Tax Appellate Tribunal, Madras ‘B’ Bench, for the assessment year 1991- 92. J U D G M E N T (Judgement of the Court was delivered by M.JAICHANDREN,J.) This Tax Case (Appeal) has been filed by the Revenue as against the order of the Income Tax Appellate Tribunal dated 9.9.2003 n respect of the assessment...