Applicability of provisions of section 43B to interest payable ...

Court Rules Section 43B Applies to Interest on Purchase Duty; Deductible Only After Payment, Not on Accrual Basis.

February 23, 2015

Case Laws Income Tax HC

Applicability of provisions of section 43B to interest payable on purchase duty - whether interest is a part and parcel of tax liability? - Held Yes, cannot be allowed on accrual basis - deduction to be allowed after actual payment only - HC

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Applicability of provisions of section 43B to interest payable ...

Court Rules Section 43B Applies to Interest on Purchase Duty; Deductible Only After Payment, Not on Accrual Basis.

February 23, 2015

Case Laws Income Tax HC

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