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Income Tax - Highlights / Catch Notes

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MAT - additions u/s 115J - provisions for liability towards ...


Section 115J MAT Confirms Additions for Incomplete Project Liabilities as Foreseeable Losses in Profit and Loss Accounts.

October 25, 2018

Case Laws     Income Tax     HC

MAT - additions u/s 115J - provisions for liability towards incomplete projects - whether in the nature of foreseeable loss, which is an ascertainable liability and is reflected in the Profit And Loss account accepted by the Registrar of Companies - Additions confirmed.

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