https://www.taxtmi.com/caselaws?id=9739 The court concluded that the liability in question was contractual, not statutory, and accrued only upon final settlement in 1981, making it relevant to the assessment year 1982-83. The Tribunal's decision to allow the deduction of Rs. 2,76,419 was justified as the liability crystallized in the relevant year. The court ruled in favor of the assessee, confirming the Tribunal's decision and against the Revenue, with no costs awarded. en-us Fri, 09 Sep 2005 00:00:00 +0530 Tue, 30 Jun 2009 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9739 The court concluded that the liability in question was contractual, not statutory, and accrued only upon final settlement in 1981, making it relevant to the assessment year 1982-83. The Tribunal's decision to allow the deduction of Rs. 2,76,419 was justified as the liability crystallized in the relevant year. The court ruled in favor of the assessee, confirming the Tribunal's decision and against the Revenue, with no costs awarded. Case-Laws Income Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9739