Tribunal held that, bills received during the year hence liability crystallised during the year. Expenditure is allowable as deduction. (AY. 2011-12)
Unitech Ltd. v. DCIT (2019) 176 ITD 266 (Delhi) (Trib.)
S. 37(1) : Business expenditure-Prior period expenses–Method of accounting -Bills received during the year–Liability crystallised during the year–Allowable as deduction. [S. 145]