Allowability of expenditure u/s. 43B - Expenditure incurred ...

Disputed Tax Liabilities u/s 43B: Impact on Customs Duty, Excise, Interest, and Penalty Recognition.

March 5, 2022

Case Laws     Income Tax     AT

Allowability of expenditure u/s. 43B - Expenditure incurred under the head customs duty, excise duty, interest and penalty on payment basis - the payment has been made by the assessee under protest. Therefore, the amount is definitely a disputed liability and cannot be said that the liability has crystallized/accrued to the assessee during the relevant assessment year - AT

View Source