https://www.taxtmi.com/caselaws?id=467162 The tribunal addressed five tax issues, applying the principle that expenditures and provisions that arise directly and proximately in the ordinary course of an authorised business are deductible where consistent accounting treatment and prior-year precedents establish business nexus and non contingent character. On that basis immigration fines paid at foreign airports were held deductible as business expenses; expenditures attributable to exempt dividend income were not disallowable where no exempt income arose in the year; provisions for a Frequent Flier Programme were deductible as accruing business liabilities; prior period expenses were allowed where crystallisation was shown; and additions for excess obsolescence provision were deleted. en-us Thu, 08 Aug 2019 00:00:00 +0530 Sat, 07 Mar 2026 22:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467162 The tribunal addressed five tax issues, applying the principle that expenditures and provisions that arise directly and proximately in the ordinary course of an authorised business are deductible where consistent accounting treatment and prior-year precedents establish business nexus and non contingent character. On that basis immigration fines paid at foreign airports were held deductible as business expenses; expenditures attributable to exempt dividend income were not disallowable where no exempt income arose in the year; provisions for a Frequent Flier Programme were deductible as accruing business liabilities; prior period expenses were allowed where crystallisation was shown; and additions for excess obsolescence provision were deleted. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467162