https://www.taxtmi.com/caselaws?id=66857 The appeal is partly allowed. The Income Tax Officer's rectification under Section 154 is upheld regarding the oversight of Section 43B. The application of Section 43B requires that only actual payments made can be deducted. The amendments introduced by the Finance Act, 1987 and Finance Act, 1989 clarify this, with the latter being retrospective from 1984-85. The correct amount to be disallowed is Rs. 8,852, not Rs. 17,440, and this adjustment should be reflected in the assessments for the relevant years. en-us Wed, 30 May 1990 00:00:00 +0530 Mon, 07 Mar 2011 17:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66857 The appeal is partly allowed. The Income Tax Officer's rectification under Section 154 is upheld regarding the oversight of Section 43B. The application of Section 43B requires that only actual payments made can be deducted. The amendments introduced by the Finance Act, 1987 and Finance Act, 1989 clarify this, with the latter being retrospective from 1984-85. The correct amount to be disallowed is Rs. 8,852, not Rs. 17,440, and this adjustment should be reflected in the assessments for the relevant years. Case-Laws Income Tax Wed, 30 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66857