Commissioner Of Income Tax vs Mcdowell "," Co. Ltd.
Whether unpaid bottling fee, secured by bank guarantee, constitutes 'actual payment' for deduction under Section 43B of the Income Tax Act, 1961 --- Held No; Whether technical service charges paid under a new agreement, replacing an earlier one, are allowable as business expenditure based on commercial expediency --- Held Yes; Whether depreciation on research and development assets of a closed business unit is allowable --- Held Yes (following earlier decision in CIT vs. McDowell & Co. Ltd. (2009) 224 CTR (SC) 22).
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