https://www.taxtmi.com/caselaws?id=21600 The court ruled against the assessee in regards to the deduction of purchase tax for the assessment year 1977-78, citing that liabilities must be accounted for in the year they arise. However, the court ruled in favor of the assessee for the eligibility of allowance under section 80J for the entire business and entitlement to investment allowance under section 32A for the diesel generator and transformer. Ultimately, the court answered in favor of the Revenue for question No. 1 and in favor of the assessee for questions 2 and 3. en-us Mon, 25 Jun 1990 00:00:00 +0530 Wed, 25 Nov 2009 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21600 The court ruled against the assessee in regards to the deduction of purchase tax for the assessment year 1977-78, citing that liabilities must be accounted for in the year they arise. However, the court ruled in favor of the assessee for the eligibility of allowance under section 80J for the entire business and entitlement to investment allowance under section 32A for the diesel generator and transformer. Ultimately, the court answered in favor of the Revenue for question No. 1 and in favor of the assessee for questions 2 and 3. Case-Laws Income Tax Mon, 25 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21600