https://www.taxtmi.com/caselaws?id=63919 A liability for compensation arising from a truck accident was held to be contractual, not a statutory liability under section 6 of the Carriers Act, 1865, because the owners of the goods had proceeded against the sister concern and there was no material showing authority to bind the assessee. The inter se obligation between the assessee and the sister concern arose from their independent contract, and the arbitrator also treated it as contractual. As the dispute crystallised only when the arbitral award was confirmed, the deduction was allowable only on final settlement, not in the earlier accounting year. en-us Tue, 19 Apr 1988 00:00:00 +0530 Wed, 02 Feb 2011 17:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63919 A liability for compensation arising from a truck accident was held to be contractual, not a statutory liability under section 6 of the Carriers Act, 1865, because the owners of the goods had proceeded against the sister concern and there was no material showing authority to bind the assessee. The inter se obligation between the assessee and the sister concern arose from their independent contract, and the arbitrator also treated it as contractual. As the dispute crystallised only when the arbitral award was confirmed, the deduction was allowable only on final settlement, not in the earlier accounting year. Case-Laws Income Tax Tue, 19 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63919