https://www.taxtmi.com/caselaws?id=21447 A disputed excise duty demand was claimed as a deduction despite the assessee contesting the levy and making no provision in its accounts. The Calcutta HC held that the Tribunal was not justified in allowing the amount as expenditure for the relevant assessment year because the demand had ultimately not survived and was found not to be an actual liability. The court expressly declined to decide the broader question whether a disputed demand is deductible in the year claimed even without any accounting provision, and answered the reference in favour of the Revenue. en-us Thu, 18 Jul 1991 00:00:00 +0530 Tue, 24 Nov 2009 15:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21447 A disputed excise duty demand was claimed as a deduction despite the assessee contesting the levy and making no provision in its accounts. The Calcutta HC held that the Tribunal was not justified in allowing the amount as expenditure for the relevant assessment year because the demand had ultimately not survived and was found not to be an actual liability. The court expressly declined to decide the broader question whether a disputed demand is deductible in the year claimed even without any accounting provision, and answered the reference in favour of the Revenue. Case-Laws Income Tax Thu, 18 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21447