https://www.taxtmi.com/highlights?id=27807 Accrual of liability - whether contingent - Merely because the asseessee was negotiating with the ONGC alongwith other members of the association for softer terms and for charging simple interest instead of compound interest would not mean that this liability was in any manner contingent. - HC en-us Sat, 05 Mar 2016 14:39:06 +0530 Sat, 05 Mar 2016 14:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27807 Accrual of liability - whether contingent - Merely because the asseessee was negotiating with the ONGC alongwith other members of the association for softer terms and for charging simple interest instead of compound interest would not mean that this liability was in any manner contingent. - HC Highlights Income Tax Sat, 05 Mar 2016 14:39:06 +0530 https://www.taxtmi.com/highlights?id=27807