Timing of deduction for payments under section 43B: deduction allowed in the previous year when the payment is actually made. A proviso to rule 5 of the First Schedule provides that any sum payable by the assessee that has been added back under clause (a) shall be allowed as a deduction in computing income in the previous year in which such sum is actually paid, thereby permitting deduction upon actual payment.
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Provisions expressly mentioned in the judgment/order text.
Timing of deduction for payments under section 43B: deduction allowed in the previous year when the payment is actually made.
A proviso to rule 5 of the First Schedule provides that any sum payable by the assessee that has been added back under clause (a) shall be allowed as a deduction in computing income in the previous year in which such sum is actually paid, thereby permitting deduction upon actual payment.
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