Archive for October 23rd, 2010

Restatement of accounts and tax deductibility of expenses

October 23, 2010  |  Court, News  |  No Comments

Japanese judicial decisions

The Tokyo District Court (in Japanese commonly referred to as ‘東京地裁’) recently issued a decision in a case involving a plaintiff that had improperly capitalized costs into inventory in a prior financial year and then claimed a tax deduction for the write off of those costs in the subsequent financial year under appeal. Read More