https://www.taxtmi.com/caselaws?id=22308 The court ruled in favor of the assessee on all three issues presented. It upheld the Tribunal's decision allowing the carry forward and set-off of deficiency under section 80J for the assessment year 1968-69, the provision for gratuity as an expenditure for the assessment year 1972-73, and the classification of technical fees paid under a collaboration agreement as revenue expenditure for the same assessment year. The court found no requirement for the assessee to claim and compute the deficiency in the year of occurrence, supporting the assessee's substantive right to carry it forward. en-us Wed, 13 Mar 1991 00:00:00 +0530 Wed, 09 Dec 2009 11:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22308 The court ruled in favor of the assessee on all three issues presented. It upheld the Tribunal's decision allowing the carry forward and set-off of deficiency under section 80J for the assessment year 1968-69, the provision for gratuity as an expenditure for the assessment year 1972-73, and the classification of technical fees paid under a collaboration agreement as revenue expenditure for the same assessment year. The court found no requirement for the assessee to claim and compute the deficiency in the year of occurrence, supporting the assessee's substantive right to carry it forward. Case-Laws Income Tax Wed, 13 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22308