https://www.taxtmi.com/caselaws?id=37095 Under the mercantile system, employees' provident fund contribution is deductible only in the year in which the liability accrues, not in a later year when payment is made after dispute resolution. The liability arose from year to year during the relevant period and could have been claimed in those years, so it was not allowable in assessment year 1972-73. The later adjudication and subsequent payment did not defer accrual for deduction purposes, and the claim was rejected in favour of the Revenue. en-us Fri, 03 Nov 1978 00:00:00 +0530 Fri, 26 Mar 2010 13:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37095 Under the mercantile system, employees' provident fund contribution is deductible only in the year in which the liability accrues, not in a later year when payment is made after dispute resolution. The liability arose from year to year during the relevant period and could have been claimed in those years, so it was not allowable in assessment year 1972-73. The later adjudication and subsequent payment did not defer accrual for deduction purposes, and the claim was rejected in favour of the Revenue. Case-Laws Income Tax Fri, 03 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37095