https://www.taxtmi.com/caselaws?id=65306 A disputed post-award interest liability was held not to have crystallised in the relevant assessment years, so no deduction was allowable until the obligation became a present legal liability. For section 80P(2)(d), the eligible deduction had to be computed after apportioning expenditure on a nexus-based basis, and the matter was remanded for fresh computation. Rebate allowed to members was treated as a business-linked commercial adjustment, not an appropriation of profits, and was allowed as revenue expenditure. The ex gratia claim to employees was sent back for fresh consideration and verification in light of the earlier year's treatment. en-us Fri, 25 Jan 2008 00:00:00 +0530 Fri, 14 Jun 2013 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65306 A disputed post-award interest liability was held not to have crystallised in the relevant assessment years, so no deduction was allowable until the obligation became a present legal liability. For section 80P(2)(d), the eligible deduction had to be computed after apportioning expenditure on a nexus-based basis, and the matter was remanded for fresh computation. Rebate allowed to members was treated as a business-linked commercial adjustment, not an appropriation of profits, and was allowed as revenue expenditure. The ex gratia claim to employees was sent back for fresh consideration and verification in light of the earlier year's treatment. Case-Laws Income Tax Fri, 25 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65306