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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Provision for future liabilities (expenses) - whether allowable ...


Court Affirms Future Liabilities Allowable in Mercantile Accounting; Expenses Can Be Recognized Before Payment Made.

October 3, 2013

Case Laws     Income Tax     HC

Provision for future liabilities (expenses) - whether allowable - mercantile basis of accounting - held yes - HC

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