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of <h1>High Court allows deduction for payment to government as liability arose in relevant year</h1> <h3>Commissioner Of Income-Tax Versus Anna Transport Corporation Ltd.</h3> The High Court of Madras ruled in favor of the respondent, Anna Transport Corporation, allowing the payment made to the government as a proper deduction ... Business Expenditure, Assessee The High Court of Madras ruled in favor of the respondent, Anna Transport Corporation, stating that the payment made to the government qualifies as a proper deduction from the gross income for the relevant year. The court held that the liability to pay interest only arose in the relevant year, and the assessee cannot be penalized for not making a provision in earlier years when the liability was not determined. The court answered the question in favor of the assessee, awarding costs of Rs. 750.
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