TMI BlogClaim of Liquidated damages - ascertained liability - Admittedly, in the instant case, no such past...Claim of Liquidated damages - ascertained liability - Admittedly, in the instant case, no such past events have been placed before the Assessing Officer to show that there is every probability that the expenditure will be incurred. At best, the assessee can pitch their case as a case of possibility but, not a case of probability. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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