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HC slams AO for rejecting claim for deduction of provision by treating it as contingent liability

January 10, 2019[2019] 102 53 (Rajasthan)/[2019] 261 Taxman 176 (Rajasthan)

IT : Where assessee's claim for deduction of provision made for project expenses in respect of work carried out by contractor was rejected on ground that it was a contingent liability, in view of fact that assessee had made provision in respect of work already done by contractor on basis of contract/prevalent rates, impugned order rejecting assessee's claim was to be set aside

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