Disallowance of claim made on account of "Contingent provision ...

Tax Deduction Denied: Contingent Provision for Standard Assets Not Recognized Under Income Tax Act.

June 20, 2015

Case Laws Income Tax AT

Disallowance of claim made on account of "Contingent provision for standard assets" - provision in question being in the nature of purely a contingent one and there is no provision under the IT Act to allow such contingent provision as deduction from taxable income - AT

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Disallowance of claim made on account of "Contingent provision ...

Tax Deduction Denied: Contingent Provision for Standard Assets Not Recognized Under Income Tax Act.

June 20, 2015

Case Laws Income Tax AT

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