ITAT Mumbai Allows ₹978 Cr Provision for Credit Guarantee Fund Based on Actuarial Valuation

Credit Guarantee Fund For Micro Units Vs NFAC (ITAT Mumbai)

ITAT Mumbai Allows ₹978 Cr Provision for Credit Guarantee Fund Based on Actuarial Valuation; Provision for claim payout made on the basis of actuary report is allowable expenditure

Mumbai ITAT allows provision for claim payout of Rs. 978 crores claimed by the assessee, M/s Credit Guarantee Fund for Micro Units formed by Government of India under The Ministry of Finance. While deleting the addition,

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