Disallowance of provision for maintenance and free ...

Case Laws Income Tax

July 31, 2019

Disallowance of provision for maintenance and free service/warranty in computation of book profit u/s 115JB - such liabilities cannot be regarded as contingent liability, what is certain is the incurring of liability notwithstanding estimation thereof with reasonable certainty irrespective of actual quantification latter on - the liability is in praesenti though it is likely to be discharged at a future date - no adjustment

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Disallowance of provision for maintenance and free ...

Case Laws Income Tax

July 31, 2019

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