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No TDS was required on exp. recorded on estimated basis if assessee was following project completion method

February 7, 2019[2019] 103 taxmann.com 298 (Kolkata - Trib.)/[2019] 69 ITR(T) 217 (Kolkata - Trib.)/[2019] 175 ITD 671 (Kolkata - Trib.)

IT: Where in project completion method provisions were made in books of accounts for ancillary works which were yet to be completed, expenditure being estimated only and payee not known, it would not be possible to deduct TDS on these estimated expenditure and therefore disallowance on account of TDS would does not arise

IT: Where a business liability has definitely arisen in accounting year, deduction should be allowed although liability may have to be quantified and discharged at a future date

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