https://www.taxtmi.com/caselaws?id=66330 The Tribunal allowed the appeal, setting aside the lower authorities' decisions, and held that the interest payment of Rs. 11,669, relating to earlier years, was allowable as a deduction in the assessment year 1982-83. The Tribunal considered the hybrid accounting system followed by the assessee and relied on case laws supporting deductions for liabilities confirmed and communicated during the relevant assessment year. en-us Thu, 31 Dec 1987 00:00:00 +0530 Wed, 23 Feb 2011 16:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66330 The Tribunal allowed the appeal, setting aside the lower authorities' decisions, and held that the interest payment of Rs. 11,669, relating to earlier years, was allowable as a deduction in the assessment year 1982-83. The Tribunal considered the hybrid accounting system followed by the assessee and relied on case laws supporting deductions for liabilities confirmed and communicated during the relevant assessment year. Case-Laws Income Tax Thu, 31 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66330