https://www.taxtmi.com/caselaws?id=56965 The Tribunal held that the assessee, a State Government undertaking, was not entitled to a deduction for a provision made for an audit fee as auditors were not appointed and the audit was not conducted during the relevant accounting year. While the assessee argued for the deduction based on statutory liability and past fees paid, the Tribunal emphasized that the liability to pay fees only arises when auditors are appointed and the audit is conducted. The Tribunal allowed the deduction of fees when paid, rejecting the assessee's claim for a provision made in advance. en-us Wed, 27 Apr 1988 00:00:00 +0530 Tue, 07 Dec 2010 15:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56965 The Tribunal held that the assessee, a State Government undertaking, was not entitled to a deduction for a provision made for an audit fee as auditors were not appointed and the audit was not conducted during the relevant accounting year. While the assessee argued for the deduction based on statutory liability and past fees paid, the Tribunal emphasized that the liability to pay fees only arises when auditors are appointed and the audit is conducted. The Tribunal allowed the deduction of fees when paid, rejecting the assessee's claim for a provision made in advance. Case-Laws Income Tax Wed, 27 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56965