https://www.taxtmi.com/caselaws?id=13981 The High Court of Madras held that the assessee followed the mercantile system of accounting, and the liability to excise duty accrued during the relevant previous year. The court dismissed the petition and awarded the assessee costs of Rs. 500. en-us Tue, 27 Feb 2001 00:00:00 +0530 Mon, 06 Jul 2009 17:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13981 The High Court of Madras held that the assessee followed the mercantile system of accounting, and the liability to excise duty accrued during the relevant previous year. The court dismissed the petition and awarded the assessee costs of Rs. 500. Case-Laws Income Tax Tue, 27 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13981