https://www.taxtmi.com/caselaws?id=62239 A provision for claims arising from loss or damage to goods in transit was held allowable when the underlying loss and claim arose in the same accounting year, even if quantification and settlement occurred later. The carrier's liability was treated as accruing on a reasonable apprehension basis under the Carriers Act, 1865, and printed conditions on the consignment note were found insufficient to prove a special contract excluding that liability. A separate claim for additional lorry hire, hire advance, trip advances and spare bill payable to Saradhi Lines required factual verification for the relevant assessment year, and was remanded for examination in accordance with law. en-us Tue, 28 Dec 1993 00:00:00 +0530 Tue, 18 Jan 2011 17:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62239 A provision for claims arising from loss or damage to goods in transit was held allowable when the underlying loss and claim arose in the same accounting year, even if quantification and settlement occurred later. The carrier's liability was treated as accruing on a reasonable apprehension basis under the Carriers Act, 1865, and printed conditions on the consignment note were found insufficient to prove a special contract excluding that liability. A separate claim for additional lorry hire, hire advance, trip advances and spare bill payable to Saradhi Lines required factual verification for the relevant assessment year, and was remanded for examination in accordance with law. Case-Laws Income Tax Tue, 28 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62239