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1992 (5) TMI 17 - DELHI HIGH COURT
Extract:
.......as a provision. What is relevant, therefore, is that the liability must exist in the year in question. It must be a liability in praesenti and not a liability in futuro. For the aforesaid reasons, our answer to the question is in the affirmative and in favour of the assessee. There will be no order as to costs. Question answered in the affirmative.