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    Income Tax

    Provision for transit breakages - The provision would, in the...

    Transit Breakages Are Contingent Liabilities, Not Recognized Under AS 29 Guidelines.

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    Income TaxSeptember 5, 2016Case LawsSCH

    Provision for transit breakages - The provision would, in the circumstances, be a provision for a contingent liability and, therefore, in terms of the AS 29 ought not be recognised. - SC

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