https://www.taxtmi.com/caselaws?id=28687 The High Court of Allahabad ruled in favor of the assessee, allowing the deduction for the excise duty provision of Rs. 16,00,876 for the assessment year 1967-68. The court held that the provision could be claimed as a deduction despite the ongoing dispute with the Excise Department, following the mercantile system of accounting. The decision was based on established principles by the Supreme Court and previous judgments, affirming the assessee's right to claim the deduction until the liability ceased due to a court decision. The assessee was also awarded costs amounting to Rs. 250. en-us Thu, 04 Nov 1982 00:00:00 +0530 Wed, 24 Feb 2010 17:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28687 The High Court of Allahabad ruled in favor of the assessee, allowing the deduction for the excise duty provision of Rs. 16,00,876 for the assessment year 1967-68. The court held that the provision could be claimed as a deduction despite the ongoing dispute with the Excise Department, following the mercantile system of accounting. The decision was based on established principles by the Supreme Court and previous judgments, affirming the assessee's right to claim the deduction until the liability ceased due to a court decision. The assessee was also awarded costs amounting to Rs. 250. Case-Laws Income Tax Thu, 04 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28687