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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Local Body Tax (LBT) - claimed as deductible u/s 43B - said ...


Local Body Tax Deductible u/s 43B Despite Being Related to a Prior Period.

March 13, 2019

Case Laws     Income Tax     AT

Local Body Tax (LBT) - claimed as deductible u/s 43B - said amount was paid during the year under consideration, though it related to prior period - Merely because no provision was made in the earlier years deduction cannot be denied u/s 43B

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