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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Accrued or a contingent liability - the liability of the ...


Taxpayer's Enhanced License Fees Deemed Accrued Liability Upon Demand, Not Contingent Liability for Assessment Years.

August 21, 2017

Case Laws     Income Tax     HC

Accrued or a contingent liability - the liability of the Assessee to pay enhanced licence fees for the AYs in question was an accrued liability which arose in the year in which demand was raised - HC

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