https://www.taxtmi.com/caselaws?id=376472 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow the assessee's claim for future development expenses. The judgment emphasized the importance of consistent accounting methods and the matching principle, validating the provision made by the assessee for future development expenses as legitimate and ascertained liabilities. en-us Wed, 06 Mar 2019 00:00:00 +0530 Mon, 01 Apr 2019 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376472 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow the assessee's claim for future development expenses. The judgment emphasized the importance of consistent accounting methods and the matching principle, validating the provision made by the assessee for future development expenses as legitimate and ascertained liabilities. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376472