Allowing the appeal of the assesse the Court held that ; interest on overdue deposit on overdue deposits is ascertained liability hence allowable as deduction .
Oriental Bank of Commerce v. A CIT (2018) 401 ITR 65/ 162 DTR 257 /254 Taxman 197/ 304 CTR 363 (Delhi) (HC)
S. 37(1) : Business expenditure -Interest on overdue deposit on overdue deposits is ascertained liability hence allowable as deduction .