https://www.taxtmi.com/caselaws?id=208504 BIFR circulars confined to reliefs connected with section 41(1) and did not extend to deduction claims under section 43B, so reliance on those circulars for section 43B relief was unsupported. Section 32 of SICA gave overriding effect to the sanctioned rehabilitation scheme over inconsistent tax provisions, and the scheme's express contemplation of interest deduction under section 43B supported allowance of the claim even without actual payment during the year. The rehabilitation framework therefore prevailed over the restrictive operation of section 43B, and the deduction was allowable. en-us Wed, 04 Jan 2012 00:00:00 +0530 Thu, 23 Feb 2012 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208504 BIFR circulars confined to reliefs connected with section 41(1) and did not extend to deduction claims under section 43B, so reliance on those circulars for section 43B relief was unsupported. Section 32 of SICA gave overriding effect to the sanctioned rehabilitation scheme over inconsistent tax provisions, and the scheme's express contemplation of interest deduction under section 43B supported allowance of the claim even without actual payment during the year. The rehabilitation framework therefore prevailed over the restrictive operation of section 43B, and the deduction was allowable. Case-Laws Income Tax Wed, 04 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208504