TMI BlogHigh Court allows NAFED's interest deduction to Alimenta, clarifying obligation despite judgment stay. Discusses confirmed vs. contingent liability.Disallowance of Interest payable to Alimenta on the amount awarded - Confirmed liability or contingent liability - the mere fact that the said judgment and decree was stayed by a DB would not relieve NAFED of its obligation to pay interest in terms thereof to Alimenta - Claim of deduction allowed - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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