https://www.taxtmi.com/caselaws?id=16263 The High Court held that the additional ground rent claimed by the Government was not deductible as a liability in the computation of the assessee's business income for the assessment year 1983-84. The Court determined that the liability, arising from a contractual agreement, could only be claimed in the year when the dispute is resolved, as in this case where a civil suit was ongoing between the parties. The Court distinguished statutory liabilities, which can be claimed in the year of accrual, regardless of disputes, and ruled in favor of the Revenue based on this distinction. en-us Tue, 12 Jan 1999 00:00:00 +0530 Fri, 04 Sep 2009 17:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16263 The High Court held that the additional ground rent claimed by the Government was not deductible as a liability in the computation of the assessee's business income for the assessment year 1983-84. The Court determined that the liability, arising from a contractual agreement, could only be claimed in the year when the dispute is resolved, as in this case where a civil suit was ongoing between the parties. The Court distinguished statutory liabilities, which can be claimed in the year of accrual, regardless of disputes, and ruled in favor of the Revenue based on this distinction. Case-Laws Income Tax Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16263