https://www.taxtmi.com/caselaws?id=760690 Provision for future expenses under the mercantile system is treated as an allowable deduction for estimated liabilities, and the High Court applied its earlier precedent to answer the substantial questions of law in favour of the assessee. The text also records that the Revenue's Special Leave Petition was not entertained because there was no reason to condone the delay in filing, and the application for condonation of delay was dismissed, with the SLP dismissed accordingly. en-us Thu, 11 Jul 2024 00:00:00 +0530 Tue, 05 May 2026 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760690 Provision for future expenses under the mercantile system is treated as an allowable deduction for estimated liabilities, and the High Court applied its earlier precedent to answer the substantial questions of law in favour of the assessee. The text also records that the Revenue's Special Leave Petition was not entertained because there was no reason to condone the delay in filing, and the application for condonation of delay was dismissed, with the SLP dismissed accordingly. Case-Laws Income Tax Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760690