https://www.taxtmi.com/caselaws?id=62985 Damages paid for unauthorised occupation of business land were treated as revenue expenditure because the payment was connected with the use of property in business, did not create any capital asset, and was not personal in nature; the deduction was therefore allowable. The liability was also held to arise in the relevant accounting year because the assessee followed the calendar year, the amount was paid during that year under the demand then enforced, and later quantification did not defer accrual. The payment was thus admissible as a business deduction in the year in which it accrued and was discharged. en-us Thu, 24 Sep 1981 00:00:00 +0530 Thu, 27 Jan 2011 10:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62985 Damages paid for unauthorised occupation of business land were treated as revenue expenditure because the payment was connected with the use of property in business, did not create any capital asset, and was not personal in nature; the deduction was therefore allowable. The liability was also held to arise in the relevant accounting year because the assessee followed the calendar year, the amount was paid during that year under the demand then enforced, and later quantification did not defer accrual. The payment was thus admissible as a business deduction in the year in which it accrued and was discharged. Case-Laws Income Tax Thu, 24 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62985