https://www.taxtmi.com/caselaws?id=205211 The High Court allowed the Revenue's appeal, ruling that the appellant failed to prove that the amount in the suspense account was utilized in previous years. The Court emphasized that only liabilities crystallized within the previous year and paid from the fund should be considered as expenditures. en-us Mon, 01 Aug 2011 00:00:00 +0530 Thu, 25 Aug 2011 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205211 The High Court allowed the Revenue's appeal, ruling that the appellant failed to prove that the amount in the suspense account was utilized in previous years. The Court emphasized that only liabilities crystallized within the previous year and paid from the fund should be considered as expenditures. Case-Laws Income Tax Mon, 01 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205211