A liability, which actually exists and is also not disputed by ...

Undisputed and unpaid liabilities are not contingent if the obligation is fulfilled by the third party owed.

November 26, 2014

Case Laws Income Tax HC

A liability, which actually exists and is also not disputed by assessee, but merely not paid, is not a contingent liability when the work or obligation has been actually performed by the third party to whom the payment is due - HC

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A liability, which actually exists and is also not disputed by ...

Undisputed and unpaid liabilities are not contingent if the obligation is fulfilled by the third party owed.

November 26, 2014

Case Laws Income Tax HC

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