2019 (10) TMI 727 - SCH - Income Tax

Accrued or a contingent liability - liability of the Assessee to pay enhanced licence fee - Revisions of licence fees - Tax treatment of claim of licence fee as deduction - whether licence fee payable to the Railways to be an accrued liability? - HELD THAT - SLP dismissed.

Summary

The Supreme Court of India in 2019 dismissed the special leave petitions with the delay condoned. The pending application was disposed of. The Respondent did not appear.