development charges paid to PUDA u/s 43B, Income Tax

[satbir singh wahi]

whether Development charges paid to Punjab urban development Authority (PUDA) , covered by section 43B. The charges shown as payable has been disallowed by A.O.  As per the letter from PUDA the charges per Acre of land were payable wihin 1.5 year.

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[GOPALJI AGRAWAL]

These charges are not in the nature of tax, duty, cess or fee.Secondly these charges are payable under contractual obligation not under any statute.