https://www.taxtmi.com/caselaws?id=58892 The Tribunal held that deductions under section 43B for statutory liabilities should align with the year of payment, not accrual, to prevent abuse and ensure accurate tax assessments. It rejected the Commissioner's interpretation that ignored the previous year of liability accrual for deductions. Excess payments were advised to be treated as advance payments, adjusting them against future liabilities to avoid denial of deductions in subsequent years. The judgment emphasized the need for proper accounting methods to align deductions with actual payments and prevent misuse of tax provisions. en-us Sat, 22 Sep 1990 00:00:00 +0530 Wed, 22 Dec 2010 16:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58892 The Tribunal held that deductions under section 43B for statutory liabilities should align with the year of payment, not accrual, to prevent abuse and ensure accurate tax assessments. It rejected the Commissioner's interpretation that ignored the previous year of liability accrual for deductions. Excess payments were advised to be treated as advance payments, adjusting them against future liabilities to avoid denial of deductions in subsequent years. The judgment emphasized the need for proper accounting methods to align deductions with actual payments and prevent misuse of tax provisions. Case-Laws Income Tax Sat, 22 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58892