https://www.taxtmi.com/caselaws?id=12316 A provision for liability under the Employees Provident Fund Act was deductible in the assessment year 1980-81 because the liability had accrued during the relevant previous year. Applying the principle in Kedarnath Jute Manufacturing Co. Ltd. v. CIT, the later ascertainment of the exact liability did not prevent deduction once the obligation had crystallised. The deduction was therefore allowable for that year. en-us Thu, 06 Dec 2001 00:00:00 +0530 Sun, 21 Feb 2010 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12316 A provision for liability under the Employees Provident Fund Act was deductible in the assessment year 1980-81 because the liability had accrued during the relevant previous year. Applying the principle in Kedarnath Jute Manufacturing Co. Ltd. v. CIT, the later ascertainment of the exact liability did not prevent deduction once the obligation had crystallised. The deduction was therefore allowable for that year. Case-Laws Income Tax Thu, 06 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12316