https://www.taxtmi.com/caselaws?id=24365 Consistent accounting treatment of stowing and fire-protection expenses linked to reimbursement under a statutory scheme was accepted as a regular method of accounting. The Tribunal was held not to have ignored relevant materials or relied on irrelevant materials because the assessee had systematically debited the expenditure, credited reimbursements when received, and written off only the unreimbursed balance. Deduction was also sustained for the unreimbursed amount, since the actual expenditure had been incurred and the allowance was worked out under the governing reimbursement rules and ceilings. The fact that reimbursement could fall below the ceiling did not by itself defeat deductibility. en-us Tue, 21 Jun 1988 00:00:00 +0530 Tue, 19 Jan 2010 15:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24365 Consistent accounting treatment of stowing and fire-protection expenses linked to reimbursement under a statutory scheme was accepted as a regular method of accounting. The Tribunal was held not to have ignored relevant materials or relied on irrelevant materials because the assessee had systematically debited the expenditure, credited reimbursements when received, and written off only the unreimbursed balance. Deduction was also sustained for the unreimbursed amount, since the actual expenditure had been incurred and the allowance was worked out under the governing reimbursement rules and ceilings. The fact that reimbursement could fall below the ceiling did not by itself defeat deductibility. Case-Laws Income Tax Tue, 21 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24365