Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1991 (3) TMI 9 - CALCUTTA HIGH COURT
Extract:
....... the facts and in the circumstances of this case, the liability claimed by the assessee is a contingent liability which cannot be allowed as a deduction For the reasons aforesaid, we answer the fourth question in this reference in the affirmative and in favour of the Revenue. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.