https://www.taxtmi.com/caselaws?id=185856 Deductibility of expenditure depends on the year in which the liability to pay becomes enforceable or crystallises, rather than the year in which underlying services were rendered. Foreign legal fees requiring foreign-exchange approval become deductible when the requisite approval is received and payment liability arises. Depository charges disputed until determination become allowable upon crystallisation. Turnover fees subject to section 43B are deductible on actual payment. These principles support allowance of such expenses in the relevant assessment year where the liability crystallised or statutory payment was made. 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 Deductibility of expenditure depends on the year in which the liability to pay becomes enforceable or crystallises, rather than the year in which underlying services were rendered. Foreign legal fees requiring foreign-exchange approval become deductible when the requisite approval is received and payment liability arises. Depository charges disputed until determination become allowable upon crystallisation. Turnover fees subject to section 43B are deductible on actual payment. These principles support allowance of such expenses in the relevant assessment year where the liability crystallised or statutory payment was made. Case-Laws Income Tax Thu, 26 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185856