https://www.taxtmi.com/caselaws?id=14137 Project expenditure could be claimed in the accounting year 1975-76 where uncertainty initially existed as to whether the cost was incurred for the benefit of the Indian Dairy Corporation or the assessee, and that doubt was removed only on receipt of clarification. The expenditure was therefore properly brought into the accounts in that year, rather than being confined to the years in which it was originally incurred. On those facts, the Tribunal was justified in directing modification of the assessments in line with the assessee's accounts, and the Revenue's objection based on earlier-year incurrence failed. en-us Mon, 14 Dec 1998 00:00:00 +0530 Mon, 13 Jul 2009 18:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14137 Project expenditure could be claimed in the accounting year 1975-76 where uncertainty initially existed as to whether the cost was incurred for the benefit of the Indian Dairy Corporation or the assessee, and that doubt was removed only on receipt of clarification. The expenditure was therefore properly brought into the accounts in that year, rather than being confined to the years in which it was originally incurred. On those facts, the Tribunal was justified in directing modification of the assessments in line with the assessee's accounts, and the Revenue's objection based on earlier-year incurrence failed. Case-Laws Income Tax Mon, 14 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14137