CIT v. Jagdish Prasad Gupta. (2018) 400 ITR 583 (Delhi) (HC)

S. 37(1):Business expenditure —Accrual- Enhancement of Licence fee payable to Railways in the year in which payment was issued .

Dismissing the appeal of the revenue the Court held that ;the assessee’s liability to pay enhanced licence fee to the Railways was an accrued liability that arose in the year in which the payment was issued.