Provision for wage revision arrear

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Praveen Nigam (Querist)
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13 December 2007 whether provision for wage revision arrear is allowed in the Income Tax or not. If it is allowed, please let me know the sections / case laws.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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13 December 2007 This is allowed on the basis of mercantile system of accounting, provided there is documentary support for wage revision.

Praveen Nigam

Praveen Nigam (Querist)
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13 December 2007 is there any case law that wage revision provision is an allowable deduction and what sort of documentary support to be submitted.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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14 December 2007 The documentary evidence is like settlement of wages with let us say, union.
In the case of others, the contract, or a documented general revision evidenced by payment (though subsequently)etc.

Where is the necessity for case law where it is allowable right royal?

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