https://www.taxtmi.com/caselaws?id=63317 The Tribunal dismissed the revenue's appeals for both assessment years. It held that the receipt of Rs. 13 crore from the parent company was a capital receipt, the estimated profit from running bills did not require adjustment, and the provision for expenses amounting to Rs. 13,26,724 was a deductible accrued liability. en-us Fri, 24 Aug 2007 00:00:00 +0530 Wed, 20 Apr 2016 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63317 The Tribunal dismissed the revenue's appeals for both assessment years. It held that the receipt of Rs. 13 crore from the parent company was a capital receipt, the estimated profit from running bills did not require adjustment, and the provision for expenses amounting to Rs. 13,26,724 was a deductible accrued liability. Case-Laws Income Tax Fri, 24 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63317