https://www.taxtmi.com/caselaws?id=185856 Foreign legal fees became deductible in the year RBI approval was obtained, because the payment obligation arose and crystallised only then, not when the services were originally rendered. Depository charges were likewise allowable in the year the liability was determined and crystallised, even though they related to an earlier transaction. Turnover fees payable to SEBI were deductible on payment under section 43B. The note states the appeal succeeded on both substantive disallowances, while the reassessment challenge remained academic. en-us Thu, 26 Feb 2009 00:00:00 +0530 Tue, 30 Aug 2016 17:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185856 Foreign legal fees became deductible in the year RBI approval was obtained, because the payment obligation arose and crystallised only then, not when the services were originally rendered. Depository charges were likewise allowable in the year the liability was determined and crystallised, even though they related to an earlier transaction. Turnover fees payable to SEBI were deductible on payment under section 43B. The note states the appeal succeeded on both substantive disallowances, while the reassessment challenge remained academic. Case-Laws Income Tax Thu, 26 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185856