https://www.taxtmi.com/caselaws?id=28958 The High Court held that the assessee is entitled to a deduction of Rs. 1,60,000 for eviction costs and the full Rs. 1,00,000 claimed as commission. The Court emphasized that liabilities accrued under mercantile accounting should be deductible when computing taxable income, aligning with established principles and ensuring that income is taxed after considering all related liabilities. en-us Mon, 20 Jul 1981 00:00:00 +0530 Tue, 09 Mar 2010 10:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28958 The High Court held that the assessee is entitled to a deduction of Rs. 1,60,000 for eviction costs and the full Rs. 1,00,000 claimed as commission. The Court emphasized that liabilities accrued under mercantile accounting should be deductible when computing taxable income, aligning with established principles and ensuring that income is taxed after considering all related liabilities. Case-Laws Income Tax Mon, 20 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28958