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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Disallowance of claim made on account of "Contingent provision ...

Income Tax

June 20, 2015

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

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