https://www.taxtmi.com/caselaws?id=76430 The court found the appellant's deduction claim under section 43B of the Income-tax Act inadmissible, directing the officer to allow deduction only for interest paid by the due date for filing the return. The court acknowledged the financial institution's coverage under section 43B from April 1, 1991, and instructed the Assessing Officer to rectify the proceedings by limiting the addition to the unpaid amount until the return filing due date. The decision aimed to ensure that deductions were granted based on actual payments made by the appellant, partially allowing the appeal and adjusting the additional tax liability under section 143(1A) accordingly. en-us Wed, 30 Jan 2008 00:00:00 +0530 Fri, 20 Jan 2012 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76430 The court found the appellant's deduction claim under section 43B of the Income-tax Act inadmissible, directing the officer to allow deduction only for interest paid by the due date for filing the return. The court acknowledged the financial institution's coverage under section 43B from April 1, 1991, and instructed the Assessing Officer to rectify the proceedings by limiting the addition to the unpaid amount until the return filing due date. The decision aimed to ensure that deductions were granted based on actual payments made by the appellant, partially allowing the appeal and adjusting the additional tax liability under section 143(1A) accordingly. Case-Laws Income Tax Wed, 30 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76430