Accrual of expenditure - proceedings initiated by the show-cause ...

Taxpayer's Contingent Excise Duty Liability Not Deductible as Expenditure for Income Tax Purposes.

August 30, 2014

Case Laws Income Tax HC

Accrual of expenditure - proceedings initiated by the show-cause notices were dropped - the liability claimed by the assessee as a liability on account of excise duty was merely a contingent liability which cannot constitute expenditure for the purposes of income-tax - HC

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Accrual of expenditure - proceedings initiated by the show-cause ...

Taxpayer's Contingent Excise Duty Liability Not Deductible as Expenditure for Income Tax Purposes.

August 30, 2014

Case Laws Income Tax HC

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