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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Disallowance of foreseeable losses - Provision for foreseeable ...

October 4, 2015

Case Laws     Income Tax     AT

Disallowance of foreseeable losses - Provision for foreseeable losses debited by the assessee in the Profit & Loss Account, is not a contingent liability so as to be disallowed while computing business income for the year under consideration - AT

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