Disallowance u/s 43B - “Current Liabilities‟ shown towards ...

Disallowance u/s 43B not applicable for unpaid advertisement tax classified as "Current Liabilities" by audit date.

January 13, 2020

Case Laws Income Tax AT

Disallowance u/s 43B - “Current Liabilities‟ shown towards advertisement tax payable to M.P. State Government as not paid till the date of audit - when the assessee did not debit the amount to Profit and Loss Account as an expenditure nor had the assessee claimed any deduction in respect of the amount, the question of disallowing u/s 43B of the Act does not arise.

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Disallowance u/s 43B - “Current Liabilities‟ shown towards ...

Disallowance u/s 43B not applicable for unpaid advertisement tax classified as "Current Liabilities" by audit date.

January 13, 2020

Case Laws Income Tax AT

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