https://www.taxtmi.com/caselaws?id=216625 The Tribunal allowed the appeal, permitting the deduction of the disputed amount in computing income. The Tribunal emphasized the importance of establishing the crystallization of liabilities for deduction purposes, considering the appellant's actions, bank entries, and relevant case law. It concluded that the liability had indeed crystallized in the current year, leading to the favorable outcome for the appellant. en-us Wed, 04 Jul 2012 00:00:00 +0530 Fri, 07 Sep 2012 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216625 The Tribunal allowed the appeal, permitting the deduction of the disputed amount in computing income. The Tribunal emphasized the importance of establishing the crystallization of liabilities for deduction purposes, considering the appellant's actions, bank entries, and relevant case law. It concluded that the liability had indeed crystallized in the current year, leading to the favorable outcome for the appellant. Case-Laws Income Tax Wed, 04 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216625