https://www.taxtmi.com/caselaws?id=18584 The court ruled in favor of the assessee regarding issues related to depreciation on increased repayment liability and interpretation of the term "paid" for contribution to a superannuation fund. It held that "paid" should include both actual payments and incurred liabilities, allowing the deduction for the provision made to the superannuation fund. The assessee, following the mercantile system of accounting, incurred the liability, justifying the deduction. The court directed the Revenue to pay costs to the assessee, concluding both matters in favor of the assessee. en-us Fri, 17 Nov 1995 00:00:00 +0530 Thu, 01 Oct 2009 18:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18584 The court ruled in favor of the assessee regarding issues related to depreciation on increased repayment liability and interpretation of the term "paid" for contribution to a superannuation fund. It held that "paid" should include both actual payments and incurred liabilities, allowing the deduction for the provision made to the superannuation fund. The assessee, following the mercantile system of accounting, incurred the liability, justifying the deduction. The court directed the Revenue to pay costs to the assessee, concluding both matters in favor of the assessee. Case-Laws Income Tax Fri, 17 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18584