https://www.taxtmi.com/caselaws?id=23669 Section 36(1)(viii) was held to be computed on total income before reducing the deduction itself, and the point was answered for the assessee. Interest on dues from a financially distressed company was not treated as accrued income because there was no realistic chance of recovery and the real income principle applied; this too favoured the assessee. Expenditure on investigation, research and feasibility study was treated as revenue in nature, following the assessee's earlier precedent, so the deduction was allowable. The Revenue failed on all substantive issues. en-us Mon, 26 Jun 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23669 Section 36(1)(viii) was held to be computed on total income before reducing the deduction itself, and the point was answered for the assessee. Interest on dues from a financially distressed company was not treated as accrued income because there was no realistic chance of recovery and the real income principle applied; this too favoured the assessee. Expenditure on investigation, research and feasibility study was treated as revenue in nature, following the assessee's earlier precedent, so the deduction was allowable. The Revenue failed on all substantive issues. Case-Laws Income Tax Mon, 26 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23669