such liability is properly ascertainable and it is possible to arrived at a proper discounted present value. Even if the liability is a contingent liability ... provisions made for meeting specific liabilities, contingencies or commitments. Thus, there is no rule against debiting such contingent liability against gross receipts but equally there
treat the liability created under the first two awards as the liability of the business as on the valuation date. Any liability created ... liability under two agreements in the valuation date and the liability which existed in the valuation date under the two agreements was a contingent liability
treat the liability created under the first awards as the liability of the business as on the valuation date. Any liability created by the award ... liability under the two agreements on the valuation date and the liability which existed on the valuation date under the two agreements was a contingent
such liability is properly ascertainable and it is possible to arrive at a proper discounted present value. Even if the liability is a contingent liability ... estimated liability arising under the gratuity scheme or the awards amounts to a debt or not. Even if the liability is a contingent liability
that the liability to the State Trading Corporation of India was for the calendar year 1966; and (ii) such liability was a contingent liability ... liability of Rs. 2,15,418 could be held to be an ascertained liability. The liability if any is of the calendar year 1966, which
confirm to take over the amount of contingent liability stated in your tender. Section 7 , pages 44 and 45 from which we propose that ... contingent liability related to JNPT authority may be settled by you, giving us Mr. Due Certificate from JNPT before transfer of assets and the dues
respect of gas consumption subsequent to 29th Jan., 1987, was contingent liability and was not allowable though the Gujarat High Court had dismissed the writ ... where the liability in question is not a statutory liability. In the case of the appellant it is apparent that the liability is pending adjudication
reduction or even extinction of the liability, would not have the effect of converting that liability into a contingent liability ;
(iv) A trader computing ... reduction or even extinction of liability, it would not have the effect of converting such accrued liability into a contingent liability
liability was to crystallize in future. It was held that if the liability on which the petition is based is a contingent liability, it cannot ... date. I should define a contingency as an event which may or may not occur and a contingent liability as a liability which epends
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of the Department would be, at best, a
Contingent Liability, which term is defined in
Clause 1.7.14 of the Approved Plan (Page ... contingent
debt'.
(g) Without prejudice to the above, and considering
that the Claim of the Appellant is clearly a
'contingent' claim / liability
