Accrual of expenditure - contingent liability which crystallized ...

Income Tax

May 9, 2018

Accrual of expenditure - contingent liability which crystallized during the subsequent year - principal encashed the bank guarantee and recovered the amount - Merely because it was to be enforced after 7 days, it cannot be said that the liability has not been crystallized during the year - AT

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Accrual of expenditure - contingent liability which crystallized ...

Income Tax

May 9, 2018

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