Allowable expenses - Liability as ascertained liability or not - ...

Income Tax

July 4, 2020

Allowable expenses - Liability as ascertained liability or not - assessee has itself shown the amount as provision for discount not debited to accounts of respective parties - the assessee demonstrated by producing the copies of the deals of some of the parties and shown that it is not an asset or liability but actual expenditure - Expenses allowed.

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Allowable expenses - Liability as ascertained liability or not - ...

Income Tax

July 4, 2020

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