https://www.taxtmi.com/caselaws?id=193034 Under the Indian Income-tax Act, business income is computed according to the method of accounting regularly employed by the assessee. Where a bona fide hybrid system keeps litigation expenditure in suspense and writes it off only when the litigation ends, deduction is allowed in the year of write-off even if the payments were made in earlier years. The accounting treatment, not the timing of payment alone, governed the tax result, and the disallowance was not justified. en-us Fri, 23 Sep 1960 00:00:00 +0530 Mon, 10 Jul 2017 13:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193034 Under the Indian Income-tax Act, business income is computed according to the method of accounting regularly employed by the assessee. Where a bona fide hybrid system keeps litigation expenditure in suspense and writes it off only when the litigation ends, deduction is allowed in the year of write-off even if the payments were made in earlier years. The accounting treatment, not the timing of payment alone, governed the tax result, and the disallowance was not justified. Case-Laws Income Tax Fri, 23 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193034