2015 (6) TMI 1121

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..... ty Board v. Deputy CIT [2010 (11) TMI 127 - Kerala High Court] wherein held Section 43B cannot be invoked in making the assessment of the liability of the appellant under the Income-tax Act with regard to the amounts collected by the appellant pursuant to the obligation cast on the appellant under section 5 of the Kerala Electricity Duty Act, 1963. - Decided against revenue Application of secti .....

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..... ised before the Tribunal. First issue was relating to the electricity duty payable under section 3(1) of the Electricity Duty Act, 1963 and surcharge payable to Government. 3. According to the Assessing Officer, as per the provisions of section 43B of the Income-tax Act, any amount payable by way of tax, cess or fee under any law is allowable as deduction only in that previous year in which suc .....

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