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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Provision for custom duty when litigation is pending - The ...

Case Laws     Income Tax

February 10, 2014

Provision for custom duty when litigation is pending - The subject liability is clearly a contingent liability and squarely falls within the definition of the expression contingent liability as defined under the Accounting Standard 29 issued by ICAI - HC

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