Expense not claimed cannot be taxed on reversal

JCIT (LTU) Vs M/s. Texas Instruments (India) Pvt. Ltd. (ITAT Bangalore) As per the submissions made by Ld A.R, we notice that the disallowance of Rs.5.54 crores made by the AO forms part of Provision for expenses amount of Rs.9.71 crores created on 31.3.2006 relevant to AY 2006-07. It was submitted that the above said amount of Rs.9.71 crores represented year end provision for expenses created as per accounting principles. There is no dispute with regard to the fact that the above said amount of Rs.9.71 crores (included in the amount of Rs.24.77 crores) was disallowed by the assessee voluntari...