https://www.taxtmi.com/caselaws?id=10603 The court ruled in favor of the assessee, allowing the deduction of export duty liability and the investment allowance on plant and machinery. The deduction for export duty was permitted as a statutory liability accrued during the assessment year, following the mercantile system of accounting. Additionally, the investment allowance on plant and machinery for manufacturing products not falling under the prohibited industry list was deemed admissible. en-us Wed, 17 Nov 2004 00:00:00 +0530 Mon, 20 Jul 2009 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10603 The court ruled in favor of the assessee, allowing the deduction of export duty liability and the investment allowance on plant and machinery. The deduction for export duty was permitted as a statutory liability accrued during the assessment year, following the mercantile system of accounting. Additionally, the investment allowance on plant and machinery for manufacturing products not falling under the prohibited industry list was deemed admissible. Case-Laws Income Tax Wed, 17 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10603