1986 (3) TMI 10 - HC - Income Tax

Summary

The High Court of Kerala ruled in favor of the Revenue regarding the deduction of arrears of tax under the Kerala Motor Vehicles Act for the assessment year 1973-74. The liability for payment of tax did not arise during the relevant accounting period, as it belonged to a partner who joined the firm in 1970. The court referred to a previous decision in CIT v. St. George Motors [1986] 161 ITR 444 (Ker) to support its decision.