Disallowance of provision made for a loss on account of a firm ...

Provision for Loss from Firm Purchase Contract Disallowed; Prudence Principle Inapplicable for Post-Year-End Events.

July 28, 2015

Case Laws Income Tax AT

Disallowance of provision made for a loss on account of a firm purchase contract - the principle of prudence as not being applicable to losses which arise or have their genesis in events subsequent to the end of the relevant year - AT

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Disallowance of provision made for a loss on account of a firm ...

Provision for Loss from Firm Purchase Contract Disallowed; Prudence Principle Inapplicable for Post-Year-End Events.

July 28, 2015

Case Laws Income Tax AT

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