https://www.taxtmi.com/caselaws?id=19470 The High Court upheld the Tribunal's decision, allowing the deduction of additional duty as a legitimate business expenditure. The Court dismissed the Revenue's appeal, stating no question of law arose and emphasizing the prudent treatment of the liability by the assessee. Additionally, the Court rejected the Revenue's argument on the neutralizing effect of the allowance, finding it unsubstantiated. en-us Thu, 03 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 13:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19470 The High Court upheld the Tribunal's decision, allowing the deduction of additional duty as a legitimate business expenditure. The Court dismissed the Revenue's appeal, stating no question of law arose and emphasizing the prudent treatment of the liability by the assessee. Additionally, the Court rejected the Revenue's argument on the neutralizing effect of the allowance, finding it unsubstantiated. Case-Laws Income Tax Thu, 03 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19470