https://www.taxtmi.com/caselaws?id=18237 The High Court held that the liability of Rs. 3,48,405 did not accrue during the relevant accounting period as it arose after the period had ended. The court ruled that the provision made in the accounts after the accounting period, based on a government order, was not deductible under the mercantile accounting system. Consequently, the court upheld the decision of the authorities to disallow the deduction. Judge G. Sivarajan delivered the judgment in favor of the Revenue, against the assessee. The case was referred to the Income-tax Appellate Tribunal, Cochin Bench. en-us Tue, 05 Mar 1996 00:00:00 +0530 Tue, 29 Sep 2009 16:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18237 The High Court held that the liability of Rs. 3,48,405 did not accrue during the relevant accounting period as it arose after the period had ended. The court ruled that the provision made in the accounts after the accounting period, based on a government order, was not deductible under the mercantile accounting system. Consequently, the court upheld the decision of the authorities to disallow the deduction. Judge G. Sivarajan delivered the judgment in favor of the Revenue, against the assessee. The case was referred to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Tue, 05 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18237