https://www.taxtmi.com/highlights?id=28098 Disallowance u/s 43B rw.s. 37(1) - the liability to pay the premium to BMC on transfer of lease-hold rights of the land owned by the BMC in favour of purchaser/assignees was an un-ascertained liability being a contingent liability during the impugned assessment year as the said premium per-se both as a statutory and as well as being a contractual liability were subject matter of legal dispute and challenge before the Hon’ble Bombay High Court - AT en-us Thu, 24 Mar 2016 01:19:21 +0530 Thu, 24 Mar 2016 01:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28098 Disallowance u/s 43B rw.s. 37(1) - the liability to pay the premium to BMC on transfer of lease-hold rights of the land owned by the BMC in favour of purchaser/assignees was an un-ascertained liability being a contingent liability during the impugned assessment year as the said premium per-se both as a statutory and as well as being a contractual liability were subject matter of legal dispute and challenge before the Hon’ble Bombay High Court - AT Highlights Income Tax Thu, 24 Mar 2016 01:19:21 +0530 https://www.taxtmi.com/highlights?id=28098