TMI BlogDisallowance of claim made on account of "Contingent provision for standard assets" - provision in...Disallowance of claim made on account of "Contingent provision for standard assets" - provision in question being in the nature of purely a contingent one and there is no provision under the IT Act to allow such contingent provision as deduction from taxable income - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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