https://www.taxtmi.com/caselaws?id=71696 The ITAT allowed the appeal of the assessee, directing the AO to grant the deduction under s. 32AB for the amount utilized from the business's profits, disregarding the paper entry for writing off reserves and rejecting the argument that profits accrue only at the end of the accounting year. en-us Tue, 06 Jul 1999 00:00:00 +0530 Tue, 26 Apr 2011 16:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71696 The ITAT allowed the appeal of the assessee, directing the AO to grant the deduction under s. 32AB for the amount utilized from the business's profits, disregarding the paper entry for writing off reserves and rejecting the argument that profits accrue only at the end of the accounting year. Case-Laws Income Tax Tue, 06 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71696