Relief to Bangiya Gramin Vikash Bank: Calcutta HC allows Deduction on Arrear Payment payable consequent to Wage Revision [Read Order]

In a major relief to Bangiya Gramin Vikash Bank, the Calcutta High Court allowed the deduction on arrear payment payable consequent to wage revision. The revenue has raised the issue whether the Income Tax Appellate Tribunal was justified in law or in fact in holding that the assessing officer had made due enquiries on the […]
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