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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Accrual of liability - whether contingent - Merely because the ...

Income Tax

March 5, 2016

Accrual of liability - whether contingent - Merely because the asseessee was negotiating with the ONGC alongwith other members of the association for softer terms and for charging simple interest instead of compound interest would not mean that this liability was in any manner contingent. - HC

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