https://www.taxtmi.com/caselaws?id=27591 The High Court ruled in favor of the Revenue regarding the liability for damages payable to the DGS & D, finding that the liability did not accrue until specific events occurred. However, the Court sided with the assessee on the issue of excise duty liability, allowing the deduction for the liability in the relevant year. The reference was disposed of accordingly, with no order as to costs. en-us Wed, 28 Nov 1984 00:00:00 +0530 Sat, 13 Feb 2010 17:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27591 The High Court ruled in favor of the Revenue regarding the liability for damages payable to the DGS & D, finding that the liability did not accrue until specific events occurred. However, the Court sided with the assessee on the issue of excise duty liability, allowing the deduction for the liability in the relevant year. The reference was disposed of accordingly, with no order as to costs. Case-Laws Income Tax Wed, 28 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27591