Held that the Wage Board for Working Journalists and other Newspaper Employees set up by the Central Government submitted its report and the Central Government issued consequential notification on November 11, 2011 accepting the recommendations. In terms of the notification the assessee recomputed the wages pertaining to the year under consideration and claimed deduction thereof by means of the revised return. The assessee was admittedly following the mercantile system of accounting. Since the additional wages pursuant to the notification pertained to the year under consideration they had to be allowed under the mercantile system of account followed by the assessee. The fact that the payment was made in a subsequent years could not affect the deductibility of the amount. (AY. 2012-13, 2013-14)