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Accrual of liability - where claim of damages and interest thereon is disputed by the assessee in the court of law, deduction can't be allowed for the interest claimed on such damages in the computation of business income. - Tri

Income Tax - Accrual of liability - where claim of damages and interest thereon is disputed by the assessee in the court of law, deduction can t be allowed for the interest claimed on such damages in the computation of business income. - Tri - TMI Updates - Highlights .....

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