https://www.taxtmi.com/caselaws?id=29614 The court held that the estimated value of the assessee's liability to the landlord and sub-lessees should be allowed as deductions, provided these obligations had accrued and could be properly estimated. The Tribunal was directed to reconsider the matter, focusing on specific obligations. The court disallowed the first item but allowed deductions for the other two items, emphasizing the need for proper estimation and alignment with legal principles. Each party was to bear its own costs, with the co-judge concurring with the judgment. en-us Thu, 04 Dec 1980 00:00:00 +0530 Mon, 15 Mar 2010 11:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29614 The court held that the estimated value of the assessee's liability to the landlord and sub-lessees should be allowed as deductions, provided these obligations had accrued and could be properly estimated. The Tribunal was directed to reconsider the matter, focusing on specific obligations. The court disallowed the first item but allowed deductions for the other two items, emphasizing the need for proper estimation and alignment with legal principles. Each party was to bear its own costs, with the co-judge concurring with the judgment. Case-Laws Income Tax Thu, 04 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29614