https://www.taxtmi.com/caselaws?id=28513 Relief under the incentive provisions was available where the fourth kiln constituted a genuinely expanded undertaking with fresh capital, additional plant and machinery, increased production capacity and a separate identity, bringing it within the tests applied to sections 84 and 80J. Contributions to the Cement Allocation and Co-ordinating Organisation were deductible as business expenditure because they were incurred under a government-linked decontrol scheme and were commercially expedient. An amount retained towards liability to the State Trading Corporation was treated as only a contingent liability, not an ascertained liability accrued in the relevant year, and was therefore not deductible. en-us Mon, 03 Aug 1981 00:00:00 +0530 Tue, 23 Feb 2010 12:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28513 Relief under the incentive provisions was available where the fourth kiln constituted a genuinely expanded undertaking with fresh capital, additional plant and machinery, increased production capacity and a separate identity, bringing it within the tests applied to sections 84 and 80J. Contributions to the Cement Allocation and Co-ordinating Organisation were deductible as business expenditure because they were incurred under a government-linked decontrol scheme and were commercially expedient. An amount retained towards liability to the State Trading Corporation was treated as only a contingent liability, not an ascertained liability accrued in the relevant year, and was therefore not deductible. Case-Laws Income Tax Mon, 03 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28513