2003 (4) TMI 582

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....on :- 1. Whether, on the facts and in the circumstances of the case the Tribunal was correct in law in following the view that the liability in this case was not contingent liability but in praesenti and consequently allowing the development expenses of ₹ 19,486 ?" 2. Heard Shri A.N. Mahajan, learned Counsel for the applicant, and Sri Ratnakar Bharti, learned Counsel for the respond....