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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Provisions made for costs incurred on completed contracts – ...


First Appellate Authority's order questioned; lacked evidence against expert-based provisions for costs on completed contracts.

September 10, 2014

Case Laws     Income Tax     AT

Provisions made for costs incurred on completed contracts – There is nothing in the order of the FAA that could prove that provisions made by the assessee were not based on estimate given by experts - AT

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