https://www.taxtmi.com/caselaws?id=66069 The Tribunal upheld the decision of the Dy. Commissioner(Appeals) in a case concerning the interpretation of proviso No. 1 to section 43B of the Income-tax Act. The Tribunal determined that the proviso applies to all assessees, including those maintaining accounts on a cash basis, allowing for the deduction of statutory liabilities irrespective of the accounting method. This decision emphasized the inclusive nature of section 43B, ensuring that statutory liabilities are deductible based on actual payments made by the assessee, and dismissed the Revenue's appeal. en-us Mon, 30 Nov 1992 00:00:00 +0530 Mon, 21 Feb 2011 12:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66069 The Tribunal upheld the decision of the Dy. Commissioner(Appeals) in a case concerning the interpretation of proviso No. 1 to section 43B of the Income-tax Act. The Tribunal determined that the proviso applies to all assessees, including those maintaining accounts on a cash basis, allowing for the deduction of statutory liabilities irrespective of the accounting method. This decision emphasized the inclusive nature of section 43B, ensuring that statutory liabilities are deductible based on actual payments made by the assessee, and dismissed the Revenue's appeal. Case-Laws Income Tax Mon, 30 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66069