https://www.taxtmi.com/caselaws?id=36739 The High Court ruled against allowing the deduction of the infringement commission, emphasizing that the liability only arose when the assessee agreed to the payment after the relevant previous year had ended. The Court held that the liability did not crystallize until the agreement on the reduced amount was made, distinguishing the case from precedents where liability arose immediately upon sale. The Court concluded in favor of the department, denying the deduction and awarding costs to the department. en-us Mon, 04 Feb 1980 00:00:00 +0530 Wed, 24 Mar 2010 12:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36739 The High Court ruled against allowing the deduction of the infringement commission, emphasizing that the liability only arose when the assessee agreed to the payment after the relevant previous year had ended. The Court held that the liability did not crystallize until the agreement on the reduced amount was made, distinguishing the case from precedents where liability arose immediately upon sale. The Court concluded in favor of the department, denying the deduction and awarding costs to the department. Case-Laws Income Tax Mon, 04 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36739