https://www.taxtmi.com/caselaws?id=36358 Urban land tax paid for earlier Fasli years was deductible in computing business income only when the liability crystallised on demand and payment in the relevant previous year. The tax related to a business asset, but it did not accrue year by year merely because it pertained to earlier periods; under the urban land tax scheme, liability arose only after notice and demand. In the absence of such demand, any provision would represent only a contingent liability, not an accrued deduction. The deduction was therefore allowable in the year of demand and payment. en-us Wed, 31 Jan 1979 00:00:00 +0530 Mon, 22 Mar 2010 10:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36358 Urban land tax paid for earlier Fasli years was deductible in computing business income only when the liability crystallised on demand and payment in the relevant previous year. The tax related to a business asset, but it did not accrue year by year merely because it pertained to earlier periods; under the urban land tax scheme, liability arose only after notice and demand. In the absence of such demand, any provision would represent only a contingent liability, not an accrued deduction. The deduction was therefore allowable in the year of demand and payment. Case-Laws Income Tax Wed, 31 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36358