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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Additions made on account of provisions of performance related ...


Board Approval Pending for Performance Pay to Directors and Staff, Expense Claim Allowed as Liability Crystallized.

November 30, 2018

Case Laws     Income Tax     HC

Additions made on account of provisions of performance related pay to director and staff - Payment could not be made simply, because, the approval of Board of Directors which was necessary, was awaited. The liability had thus, crystallized - Claim of expenses allowed.

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