https://www.taxtmi.com/caselaws?id=6782 A payment to the Regional Provident Fund Commissioner was treated as deductible in the relevant assessment year because the statutory liability under the Employees' Provident Funds Act, 1952 accrued only when applicability of the Act was finally determined. Where there was a bona fide dispute as to whether the establishment employed fifty or more persons and therefore fell within the Act, the assessee could not be said to have irrevocably incurred the liability until the competent authority resolved that issue. A later inspection report did not retrospectively fix the accrual date. Once the Commissioner determined liability and payment became due, the outgoing was an ascertained liability for that year. en-us Fri, 09 Sep 1966 00:00:00 +0530 Mon, 02 Feb 2009 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6782 A payment to the Regional Provident Fund Commissioner was treated as deductible in the relevant assessment year because the statutory liability under the Employees' Provident Funds Act, 1952 accrued only when applicability of the Act was finally determined. Where there was a bona fide dispute as to whether the establishment employed fifty or more persons and therefore fell within the Act, the assessee could not be said to have irrevocably incurred the liability until the competent authority resolved that issue. A later inspection report did not retrospectively fix the accrual date. Once the Commissioner determined liability and payment became due, the outgoing was an ascertained liability for that year. Case-Laws Income Tax Fri, 09 Sep 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6782