Provision for Software Expenses Validated by Auditors; Contingent Liability Claim Approved for Software Purchases.

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....Contingent liability - provision for software expenses - the accounts of the assessee have been audited by the statutory auditors and they did not find any fault with the quantum of provision for software expenses created by the assessee. Hence it is not a case that there was no basis for creating the Provision for software purchases. - claim of expenditure allowed - AT....