https://www.taxtmi.com/caselaws?id=70221 The Tribunal allowed the appeal, overturning the disallowance of expenditure claimed by the assessee in a sandalwood business. The disallowed expenses, not related to the year of account, were permitted based on the assessee's method of accounting, historical approvals by the department, and the unique nature of the business. The Tribunal rejected the Income Tax Officer's arguments regarding the timing of claiming expenses and the change in the firm's constitution, emphasizing the consistency of the accounting method and past departmental approvals. en-us Wed, 08 Sep 1982 00:00:00 +0530 Thu, 14 Apr 2011 18:52:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70221 The Tribunal allowed the appeal, overturning the disallowance of expenditure claimed by the assessee in a sandalwood business. The disallowed expenses, not related to the year of account, were permitted based on the assessee's method of accounting, historical approvals by the department, and the unique nature of the business. The Tribunal rejected the Income Tax Officer's arguments regarding the timing of claiming expenses and the change in the firm's constitution, emphasizing the consistency of the accounting method and past departmental approvals. Case-Laws Income Tax Wed, 08 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70221