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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Accrual of expenses - whether provision for hank yarn obligation ...


Court Allows Deduction for Unfulfilled Hank Yarn Obligation; Deadline Extended to March 31, 1995.

May 24, 2012

Case Laws     Income Tax     HC

Accrual of expenses - whether provision for hank yarn obligation is allowable as a deduction in this assessment year when the assessee has not fulfilled its obligation and textile commissioner had extended the time for fulfilment till 31.3.95 - held yes - HC

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