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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Excess provision claim under the heads consultancy charges - ...


Consultancy Charges Excess Provision Claim Ruled as Ascertained Liability, Permitting Deduction in Negotiations.

March 14, 2013

Case Laws     Income Tax     HC

Excess provision claim under the heads consultancy charges - During the negotiations with the parties the provision was made on the basis of original claim made by the parties - held as ascertained liability - deduction allowed - HC

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