https://www.taxtmi.com/caselaws?id=204645 The High Court ruled in favor of the Assessing Officer concerning the excise duty collected from customers, considering it as income due to pending Supreme Court decision. The dispute over property tax deduction was decided against the assessee due to the absence of a crystallized liability. However, the High Court allowed the deduction for expenses incurred on tours for project purposes and business expansion, following a Delhi High Court precedent. The judgment provided detailed reasoning on each issue, ensuring a comprehensive analysis of the tax implications for the assessee. en-us Mon, 11 Jul 2011 00:00:00 +0530 Mon, 05 Sep 2011 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204645 The High Court ruled in favor of the Assessing Officer concerning the excise duty collected from customers, considering it as income due to pending Supreme Court decision. The dispute over property tax deduction was decided against the assessee due to the absence of a crystallized liability. However, the High Court allowed the deduction for expenses incurred on tours for project purposes and business expansion, following a Delhi High Court precedent. The judgment provided detailed reasoning on each issue, ensuring a comprehensive analysis of the tax implications for the assessee. Case-Laws Income Tax Mon, 11 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204645