Delhi HC Dismisses Appeals on Accrued Expenses, Citing Precedent

The Delhi HC dismissed the appeals on accrued expenses, following the precedent set in Jagdish Prasad Gupta v. CIT. The court ruled that the obligation to pay increased license fee to the Railways was an accrued liability in the payment year, leading to the dismissal of the appeals.

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The Delhi High Court dismissed the appeals regarding accrued expenses, citing a previous judgment in the case of Jagdish Prasad Gupta v. CIT. The court held that the liability to pay enhanced license fee to the Railways was an accrued liability in the year of payment. The appeals were dismissed accordingly.

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