TMI BlogDisallowance of provision for maintenance and free service/warranty in computation of book profit u/s...Disallowance of provision for maintenance and free service/warranty in computation of book profit u/s 115JB - such liabilities cannot be regarded as contingent liability, what is certain is the incurring of liability notwithstanding estimation thereof with reasonable certainty irrespective of actual quantification latter on - the liability is in praesenti though it is likely to be discharged at a future date - no adjustment ..... X X X X Extracts X X X X X X X X Extracts X X X X
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