Sec. 37(1), Section 32AB

Bombay H.C : Whether the Tribunal failed to appreciate that assuming while denying that the above sum of Rs. 3,36,148 represented a contingent liability, the same having been determined scientifically and accurately was a legitimate deduction in the computation of the appellant’s business income?

High Court Of Bombay Protos Engineering Co. (P) Ltd. vs. DCIT Sections 32AB, 37(1) V.C. Daga & J.P. Devadhar, JJ. […]