https://www.taxtmi.com/highlights?id=15857 Disallowance of provisions for 'take or pay rental' charges - ascertained liability or not - the liability to pay in respect of shortfall in quantity will crystallize only after the lapse of five years and till then, even if this amount is paid, it is in the nature of advance payment only and not an expenditure incurred. - AT en-us Mon, 18 Nov 2013 11:16:35 +0530 Mon, 18 Nov 2013 11:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=15857 Disallowance of provisions for 'take or pay rental' charges - ascertained liability or not - the liability to pay in respect of shortfall in quantity will crystallize only after the lapse of five years and till then, even if this amount is paid, it is in the nature of advance payment only and not an expenditure incurred. - AT Highlights Income Tax Mon, 18 Nov 2013 11:16:35 +0530 https://www.taxtmi.com/highlights?id=15857