https://www.taxtmi.com/caselaws?id=12090 The court ruled against the assessee, holding that the entire deduction of Rs. 4,25,000 under Rule 9B could not be claimed in one year and needed to be amortized over the contract period to accurately reflect profits. The court emphasized the importance of amortizing expenses to prevent distortion of profits and rejected the alternative claim under Section 37(1) of the Income-tax Act due to lack of supporting documentation. The decision favored the Department, concluding that the assessee was not entitled to the full deduction in the specified assessment year. en-us Wed, 15 Jan 2003 00:00:00 +0530 Tue, 14 Jun 2011 04:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12090 The court ruled against the assessee, holding that the entire deduction of Rs. 4,25,000 under Rule 9B could not be claimed in one year and needed to be amortized over the contract period to accurately reflect profits. The court emphasized the importance of amortizing expenses to prevent distortion of profits and rejected the alternative claim under Section 37(1) of the Income-tax Act due to lack of supporting documentation. The decision favored the Department, concluding that the assessee was not entitled to the full deduction in the specified assessment year. Case-Laws Income Tax Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12090