https://www.taxtmi.com/caselaws?id=182872 Accrued liabilities arising from leave encashment, aircraft maintenance, redelivery, engine overhaul, frequent-flyer obligations and spares obsolescence may be deductible where they have crystallised, can be reasonably estimated, and are matched to the relevant accounting period. Renovation and related interior-design costs for non-owned premises may be revenue expenditure where no enduring asset or proprietary right arises. Depreciation may be available for aircraft under hire-purchase arrangements. Interest on business-linked deposits may constitute business income, and an ascertained obsolescence provision may not be added back in computing book profit. Relief was also available for qualifying employee contributions and authorised non-resident lease payments, while guest-house accommodation expenditure remained disallowed. en-us Tue, 30 May 2006 00:00:00 +0530 Tue, 05 Mar 2024 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182872 Accrued liabilities arising from leave encashment, aircraft maintenance, redelivery, engine overhaul, frequent-flyer obligations and spares obsolescence may be deductible where they have crystallised, can be reasonably estimated, and are matched to the relevant accounting period. Renovation and related interior-design costs for non-owned premises may be revenue expenditure where no enduring asset or proprietary right arises. Depreciation may be available for aircraft under hire-purchase arrangements. Interest on business-linked deposits may constitute business income, and an ascertained obsolescence provision may not be added back in computing book profit. Relief was also available for qualifying employee contributions and authorised non-resident lease payments, while guest-house accommodation expenditure remained disallowed. Case-Laws Income Tax Tue, 30 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182872