https://www.taxtmi.com/caselaws?id=236584 The court held that the interest liabilities claimed by the appellant did not accrue during the relevant assessment years but only after the letters from the Government of India were issued. Consequently, deductions under Section 36(1)(iii) for the amounts of Rs.1,88,17,168/- and Rs.62,66,667/- were not allowed for the assessment years. The appeals were dismissed, and the questions of law were decided in favor of the respondent-Revenue and against the appellant-assessee, with no order as to costs. en-us Fri, 23 Aug 2013 00:00:00 +0530 Mon, 02 Sep 2013 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236584 The court held that the interest liabilities claimed by the appellant did not accrue during the relevant assessment years but only after the letters from the Government of India were issued. Consequently, deductions under Section 36(1)(iii) for the amounts of Rs.1,88,17,168/- and Rs.62,66,667/- were not allowed for the assessment years. The appeals were dismissed, and the questions of law were decided in favor of the respondent-Revenue and against the appellant-assessee, with no order as to costs. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236584