https://www.taxtmi.com/caselaws?id=21255 Excise duty liability was held deductible in the relevant assessment year even though it arose from a show-cause notice and the levy was under challenge. The Court followed prior binding authority that such liability can be allowed as a deduction notwithstanding pendency of the challenge to the levy. On that basis, the Tribunal's view allowing the deduction was upheld and the issue was answered in favour of the assessee. en-us Tue, 10 Dec 1991 00:00:00 +0530 Sat, 21 Nov 2009 10:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21255 Excise duty liability was held deductible in the relevant assessment year even though it arose from a show-cause notice and the levy was under challenge. The Court followed prior binding authority that such liability can be allowed as a deduction notwithstanding pendency of the challenge to the levy. On that basis, the Tribunal's view allowing the deduction was upheld and the issue was answered in favour of the assessee. Case-Laws Income Tax Tue, 10 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21255