https://www.taxtmi.com/caselaws?id=66819 The tribunal allowed the successor company, GMR Holdings Private Limited, to be brought on record in place of Vasavi Securities Limited. The deduction of SEBI turnover fee claimed by the assessee was disallowed as it was not paid by the stipulated date. The tribunal held that the letter requesting adjustment of the fee did not constitute "actual payment" under Section 43B. The tribunal reversed the CIT(A)'s decision and restored the disallowance made by the Assessing Officer, allowing the revenue's appeal. en-us Fri, 11 Jan 2008 00:00:00 +0530 Wed, 12 Jun 2013 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66819 The tribunal allowed the successor company, GMR Holdings Private Limited, to be brought on record in place of Vasavi Securities Limited. The deduction of SEBI turnover fee claimed by the assessee was disallowed as it was not paid by the stipulated date. The tribunal held that the letter requesting adjustment of the fee did not constitute "actual payment" under Section 43B. The tribunal reversed the CIT(A)'s decision and restored the disallowance made by the Assessing Officer, allowing the revenue's appeal. Case-Laws Income Tax Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66819