https://www.taxtmi.com/caselaws?id=120854 The Tribunal upheld the taxpayer's position regarding the accrual of liability for expatriate costs under the mercantile system of accounting, emphasizing that liabilities accrue when the agreement is made, not dependent on payment timing or regulatory approvals. However, the Tribunal ruled against the taxpayer concerning the computation of deductions under section 80HHE, stating that brought forward losses must be set off before calculating deductions. Additionally, the Tribunal agreed with the taxpayer on the treatment of provision for doubtful debts/advances in computing book profits under section 115JA, resulting in the partial allowance of the revenue's appeal. en-us Fri, 16 Nov 2007 00:00:00 +0530 Tue, 24 Jul 2012 18:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120854 The Tribunal upheld the taxpayer's position regarding the accrual of liability for expatriate costs under the mercantile system of accounting, emphasizing that liabilities accrue when the agreement is made, not dependent on payment timing or regulatory approvals. However, the Tribunal ruled against the taxpayer concerning the computation of deductions under section 80HHE, stating that brought forward losses must be set off before calculating deductions. Additionally, the Tribunal agreed with the taxpayer on the treatment of provision for doubtful debts/advances in computing book profits under section 115JA, resulting in the partial allowance of the revenue's appeal. Case-Laws Income Tax Fri, 16 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120854