https://www.taxtmi.com/caselaws?id=67984 Where wrongly granted proforma credit under Rule 56A of the Central Excise Rules, 1944 was later withdrawn and a fresh excise demand was raised, the liability was treated as crystallising in the year of demand. The deduction was therefore linked to the year in which the statutory liability became fastened, not to the earlier period to which the underlying duty related. The excise duty liability was accordingly allowable as a deduction in the year under review. en-us Mon, 23 Nov 1987 00:00:00 +0530 Wed, 16 Mar 2011 12:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67984 Where wrongly granted proforma credit under Rule 56A of the Central Excise Rules, 1944 was later withdrawn and a fresh excise demand was raised, the liability was treated as crystallising in the year of demand. The deduction was therefore linked to the year in which the statutory liability became fastened, not to the earlier period to which the underlying duty related. The excise duty liability was accordingly allowable as a deduction in the year under review. Case-Laws Income Tax Mon, 23 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67984