https://www.taxtmi.com/caselaws?id=17019 The High Court ruled in favor of the assessee, allowing the deduction for payment of entry tax that pertained to earlier years. The Court held that the liability accrued during the relevant accounting period, following the principle that the liability arises when the goods enter the state territory. Additionally, the Court determined that the statutory liability could be claimed when the amount was deposited, endorsing a pragmatic approach in recognizing liabilities under different accounting systems and statutory laws. The judgment emphasizes the significance of when liabilities accrue and supports the assessee's position on the timing of claiming deductions. en-us Mon, 12 Aug 1996 00:00:00 +0530 Mon, 14 Sep 2009 16:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17019 The High Court ruled in favor of the assessee, allowing the deduction for payment of entry tax that pertained to earlier years. The Court held that the liability accrued during the relevant accounting period, following the principle that the liability arises when the goods enter the state territory. Additionally, the Court determined that the statutory liability could be claimed when the amount was deposited, endorsing a pragmatic approach in recognizing liabilities under different accounting systems and statutory laws. The judgment emphasizes the significance of when liabilities accrue and supports the assessee's position on the timing of claiming deductions. Case-Laws Income Tax Mon, 12 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17019