https://www.taxtmi.com/caselaws?id=64651 The Tribunal dismissed the Revenue's appeal and the assessee's cross objection. It emphasized the importance of recognizing liabilities related to transactions within the relevant accounting year for tax deduction purposes. Additionally, it reiterated the principles governing the inclusion of genuinely incurred expenses in the cost of assets for depreciation and development rebate calculations, as established by precedent cases. en-us Tue, 25 Mar 1980 00:00:00 +0530 Wed, 09 Feb 2011 11:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64651 The Tribunal dismissed the Revenue's appeal and the assessee's cross objection. It emphasized the importance of recognizing liabilities related to transactions within the relevant accounting year for tax deduction purposes. Additionally, it reiterated the principles governing the inclusion of genuinely incurred expenses in the cost of assets for depreciation and development rebate calculations, as established by precedent cases. Case-Laws Income Tax Tue, 25 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64651