Provision for future expenses treated as covered by precedent, with questions of law answered for the assessee.

The treatment of disallowance of provision for future expenses was stated to be governed by an earlier Karnataka High Court decision that had already answered the relevant questions of law in favour of the assessee. On that basis, the Revenue's challenge was not independently examined on the merits of the deduction claim, and the substantial questions of law were treated as covered by precedent. The appellate result was that the questions of law were answered in favour of the assessee and against the Revenue, with the Revenue's appeal dismissed.

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Issues: Whether the disallowance of provision for future expenses was rightly interfered with and whether the substantial questions of law arising from the Revenue's appeal were liable to be answered in favour of the assessee.

Analysis: The controversy was stated to be covered by an earlier decision of the same Court holding the questions of law in favour of the assessee. That submission was not disputed, and the appeal was decided on that basis without further independent adjudication on the merits of the deduction claim.

Conclusion: The questions of law were answered in favour of the assessee and against the Revenue, and the Revenue's appeal was dismissed.

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