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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

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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