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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Allowable expenditure - the revised price is an ascertained ...

Case Laws     Income Tax

January 3, 2020

Allowable expenditure - the revised price is an ascertained liability and not a contingent liability - the claim of the assessee u/s 37(1) is allowable particularly since the assessee itself has offered the cessation of liability to tax in the year of crystallization.

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