book profits u/s. 115JB of the Act as contingent liability
which were sustained by the CIT(Appeals) as under:-
Sr. Amount
Particulars ... paid. The liability would be an accrued liability and would not convert into a
conditional one merely because the liability was to be discharged
book profits u/s. 115JB of the Act as contingent liability
which were sustained by the CIT(Appeals) as under:-
Sr. Amount
Particulars ... paid. The liability would be an accrued liability and would not convert into a
conditional one merely because the liability was to be discharged
book profits u/s. 115JB of the Act as contingent liability
which were sustained by the CIT(Appeals) as under:-
Sr. Amount
Particulars ... paid. The liability would be an accrued liability and would not convert into a
conditional one merely because the liability was to be discharged
discount is not only a short capital receipt but also a
contingent liability.
A. Is discount under ESOP a short capital receipt ... precisely
possible at the time of incurring the liability would not
make an ascertained liability a contingent. 9.3.4
Almost to the similar effect, there
court has held that the liability on the
assessee having been imported, the liability would be an
accrued liability and would not convert into ... year during which the
provision is made for the liability. The liability is not a
contingent liability. The High Court was not right in taking
precisely possible at the time of incurring the liability
would not make an ascertained liability a contingent. Almost to the
similar effect is the judgment ... reduction or even extinction of the liability, would not have the effect of
converting that liability into a contingent liability; (iv) A trader computing
regarding whole liability,
whether it was to be paid by the assessee or not. Therefore, the
liability was a contingent liability ... ground that there was no accrual of
liability as the liability was contingent liability on account of case
pending before the Court. Now, the Court
gratuity was payable only on the happening of certain contingencies, it was clearly a contingent liability and had been pronounced by the Supreme Court ... liability of the company towards the employees in general is a liability which is certain and the extent of the liability will depend upon contingencies
inadvertently included under the head of
contingent liability at Paragraph 21(g) of Form 3CD filed for FY 2020-21
by the statutory auditor ... request clarifications
regarding the amount mentioned as contingent liability in Form 3CD
(pages 116, 117-119, and 121-124 of the paper book
which itself shows that liability of the assessee company has not been
fixed. The liability is unascertained liability which is contingent in nature ... submits that liability has not been
9
ITA no. 1588/MUM/2025
Dai-Ichi Karkaria Limited
crystalised. The liability is a contingent liability which
