Expenditure of pay revision as approved is allowable

DCIT Vs Orissa State Co -op. Milk Producers Federation Ltd (ITAT Cuttack) ITAT Cuttack held that scientific method of calculation is done and the pay revision is approved, hence the provision for the pay revision is an unascertained liability nor the liability does not crystalise. Facts- The assessee is a Co-operative Society doing the business of manufacturing, trading and distribution of milk, milk products and cattle feed. It was the submission that in the course of assessment, the Assessing Officer had made an addition of Rs.49,25,896/- on account of non-payment of ‘entry tax’ within d...