https://www.taxtmi.com/caselaws?id=37703 Under the mercantile system, lease rent accrues year by year where the liability arises under a subsisting lease, and payment in one lump sum does not change the timing of accrual. A dispute only about the quantum of rent does not postpone the obligation to pay. On that basis, the assessee could not claim deduction of the entire lump-sum lease-rent payment in the relevant assessment year. en-us Fri, 03 Nov 1978 00:00:00 +0530 Wed, 31 Mar 2010 15:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37703 Under the mercantile system, lease rent accrues year by year where the liability arises under a subsisting lease, and payment in one lump sum does not change the timing of accrual. A dispute only about the quantum of rent does not postpone the obligation to pay. On that basis, the assessee could not claim deduction of the entire lump-sum lease-rent payment in the relevant assessment year. Case-Laws Income Tax Fri, 03 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37703