Disallowance of excess/ short year end provisions in current year and allowing in subsequent year is revenue neutral

Novartis India Limited Vs ACIT (ITAT Mumbai) Disallowance of excess/ short year end provisions in current year and allowing in subsequent year is revenue neutral ITAT Mumbai held that provisions made on best estimate basis is allowable as deduction as disallowance of excess and short year end provisions in current year and allowing the same in subsequent year is revenue neutral. Facts- During the AY 2007-08, total provisions of ₹.21,88,24,077 have been created for expenses which inter-alia include employee related payables, Central Sales Tax/ VAT expenses, Annual Awards Function, etc. Paymen...