Tax Payment allowable on payment basis irrespective of year of accrual

HIGH COURT OF DELHI Commissioner of Income-tax Versus Maruti Suzuki India Ltd. IT Appeal NOS. 903, 993 & 1029 of 2011 DECEMBER 14, 2012 ORDER S. Ravindra Bhat, J. – The present judgment will dispose of three appeals, concerning AY 1994-95, 1995-96 and 1996-97; the impugned common order of the Income Tax Appellate Tribunal (ITAT) disposed of the revenue’s appeals for the said assessment years. The following common questions arise in these appeals: (a)  Did the Tribunal fall into error in holding that the amounts deposited by the assessee/ respondent in the Exci...