https://www.taxtmi.com/highlights?id=57503 Disallowance on account of Royalty - estimated liability - What should be certain is the incurring of the liability. It should also be capable of being estimated with reasonable certainty though the actual quantification may not be possible. If these requirements are satisfied the liability is not a contingent one. The liability is in present though it will be discharged at a future date. - Deduction allowed - AT en-us Wed, 07 Apr 2021 11:36:12 +0530 Wed, 07 Apr 2021 11:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57503 Disallowance on account of Royalty - estimated liability - What should be certain is the incurring of the liability. It should also be capable of being estimated with reasonable certainty though the actual quantification may not be possible. If these requirements are satisfied the liability is not a contingent one. The liability is in present though it will be discharged at a future date. - Deduction allowed - AT Highlights Income Tax Wed, 07 Apr 2021 11:36:12 +0530 https://www.taxtmi.com/highlights?id=57503