Disallowance of provision made in respect of an anticipated loss ...

Provision for Loss on Fertilizer Bonds Disallowed Despite Scientific Methodology; Loss Realizable Only at Redemption.

October 14, 2022

Case Laws Income Tax AT

Disallowance of provision made in respect of an anticipated loss being the diminution in the value of Govt. of India Fertilizer Bonds - the methodology adopted by the assessee was a scientific method. It was supported by the rates issued by the Govt. of India itself and the loss was actually determinable, though would be actually incurred at the time of redemption. - AT

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Disallowance of provision made in respect of an anticipated loss ...

Provision for Loss on Fertilizer Bonds Disallowed Despite Scientific Methodology; Loss Realizable Only at Redemption.

October 14, 2022

Case Laws Income Tax AT

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