https://www.taxtmi.com/caselaws?id=9550 Deductibility depends on when the liability crystallises: excess realisation on levy sugar was held to have become fastened under the statutory fund regime before assessment years 1981-82 and 1982-83, so the corresponding deduction was not available in those years. A provision for interest paid to the Sales Tax Department was treated as an allowable deduction for assessment years 1978-79 to 1980-81 because the obligation had accrued and the dispute concerned only the year of allowance. Deduction for guest-house expenses was also allowed for assessment years 1979-80 to 1983-84, following the assessee's earlier case and the applicable precedent. en-us Thu, 01 Sep 2005 00:00:00 +0530 Sat, 27 Jun 2009 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9550 Deductibility depends on when the liability crystallises: excess realisation on levy sugar was held to have become fastened under the statutory fund regime before assessment years 1981-82 and 1982-83, so the corresponding deduction was not available in those years. A provision for interest paid to the Sales Tax Department was treated as an allowable deduction for assessment years 1978-79 to 1980-81 because the obligation had accrued and the dispute concerned only the year of allowance. Deduction for guest-house expenses was also allowed for assessment years 1979-80 to 1983-84, following the assessee's earlier case and the applicable precedent. Case-Laws Income Tax Thu, 01 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9550