Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
Reopening of assessment - provision for damaged goods - full accounts, details and justifications for the claim was placed before AO in response to written query raised by the AO - in the final order of assessment, AO made no disallowance, it can hardly be stated that he did not form any opinion with respect to this claim of the assessee. - HC
Reopening of assessment - provision for damaged goods - full accounts, details and justifications for the claim was placed before AO in response to written query raised by the AO - in the final order of assessment, AO made no disallowance, it can hardly be stated that he did not form any opinion with respect to this claim of the assessee. - HC
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