https://www.taxtmi.com/caselaws?id=65894 The case involved determining whether the liability for payment of royalty was contractual or statutory. The Tribunal concluded it was contractual based on an agreement with the Government of Andhra Pradesh. The assessee's undertaking to pay the revised rates of royalty before the revision impacted the accrued liability. Despite a pending writ petition, the assessee was entitled to claim a deduction for the additional royalty. A separate judgment disagreed on allowing the deduction unless the liability was accepted by the assessee. Ultimately, the appeal by the Revenue was dismissed, affirming the contractual nature of the liability and the entitlement to the claimed deduction. en-us Thu, 11 Apr 1991 00:00:00 +0530 Sat, 19 Feb 2011 11:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65894 The case involved determining whether the liability for payment of royalty was contractual or statutory. The Tribunal concluded it was contractual based on an agreement with the Government of Andhra Pradesh. The assessee's undertaking to pay the revised rates of royalty before the revision impacted the accrued liability. Despite a pending writ petition, the assessee was entitled to claim a deduction for the additional royalty. A separate judgment disagreed on allowing the deduction unless the liability was accepted by the assessee. Ultimately, the appeal by the Revenue was dismissed, affirming the contractual nature of the liability and the entitlement to the claimed deduction. Case-Laws Income Tax Thu, 11 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65894