https://www.taxtmi.com/caselaws?id=60596 Refundable customs duty credited from export sales was treated as part of the trading receipt, because no refund claim had arisen during the year and a unilateral accounting entry did not create an enforceable liability; deduction was therefore not allowable until actual payment to Government or refund to the customer. Export-related salary expenditure under section 35B was restricted to 75% in line with Special Bench guidance and that allocation was maintained. Interest under section 215 was to be recomputed after giving effect to the appellate order, with any relief to follow consequentially from the revised income computation. en-us Mon, 27 Jan 1986 00:00:00 +0530 Fri, 07 Jan 2011 11:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60596 Refundable customs duty credited from export sales was treated as part of the trading receipt, because no refund claim had arisen during the year and a unilateral accounting entry did not create an enforceable liability; deduction was therefore not allowable until actual payment to Government or refund to the customer. Export-related salary expenditure under section 35B was restricted to 75% in line with Special Bench guidance and that allocation was maintained. Interest under section 215 was to be recomputed after giving effect to the appellate order, with any relief to follow consequentially from the revised income computation. Case-Laws Income Tax Mon, 27 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60596