https://www.taxtmi.com/caselaws?id=71282 Statutory reserve transfers made from net profits remain post-accrual appropriations where the assessee retains ownership and control; they are not deductible as diversion of income at source. A mere provision for doubtful debts is not allowable without actual write-off. Excise duty and sales tax are excluded from total turnover when computing the export deduction under section 80HHC. Retention money under supply contracts does not accrue in the sale year until satisfactory performance and expiry of the retention period create an unconditional right to receive it. Guest house depreciation and related expenditure are not deductible. en-us Fri, 17 Feb 2006 00:00:00 +0530 Fri, 29 Mar 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71282 Statutory reserve transfers made from net profits remain post-accrual appropriations where the assessee retains ownership and control; they are not deductible as diversion of income at source. A mere provision for doubtful debts is not allowable without actual write-off. Excise duty and sales tax are excluded from total turnover when computing the export deduction under section 80HHC. Retention money under supply contracts does not accrue in the sale year until satisfactory performance and expiry of the retention period create an unconditional right to receive it. Guest house depreciation and related expenditure are not deductible. Case-Laws Income Tax Fri, 17 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71282