Claim of Liquidated damages - ascertained liability - ...
Case Laws Income Tax
September 7, 2018
Claim of Liquidated damages - ascertained liability - Admittedly, in the instant case, no such past events have been placed before the Assessing Officer to show that there is every probability that the expenditure will be incurred. At best, the assessee can pitch their case as a case of possibility but, not a case of probability.
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