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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

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

Case Laws     Income Tax

August 30, 2014

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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