Meaning of “Arrears”

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Case Name : T.M.K. Abdul kassim v. First addl. Ito  Citation : [1958] 33 ITR 466 (mad.) Court : Madras high court Section :  220 Meaning : Arrears’ is not a term of art. There must be a legal obligation to pay the amount which has been ascertained or is easily ascertainable, for example, ex…

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