Navjivan Roller Flour & Pulse Mills Ltd. vs Deputy Commissioner Of Income Tax (Dy. ... on 20 May, 1999
16. Regarding the decision of Ahmedabad Bench of the Tribunal in the Dy. CIT vs. Jayant Paper Mills (supra), relied upon by the learned counsel, the issue involved deduction of increased purchase price and royalty payment by the assessee in respect of supply of gas received from Oil & Natural Gas Commission. The Tribunal held that the liability for payment of purchase price and royalty on gas received from ONGC arose during the year as and when the supply of gas was received and the issue involved only the quantification of the liability which has been settled by the Supreme Court. The facts and issues involve in this case were entirely different. There was no dispute regarding the payment of purchase price as well as royalty by the assessee and the dispute was confined only to the matter of quantification of the purchase price as well as the royalty. The decision does not help the assessee.