https://www.taxtmi.com/caselaws?id=215555 The court upheld the requirement of actual payment under Section 43B of the Income Tax Act for claiming deductions, emphasizing that depositing bonus amounts into a separate bank account does not fulfill the criteria for deduction eligibility. The judgment clarified the distinction between actual payment and deemed payment, highlighting the importance of compliance with the statutory provisions for claiming deductions. en-us Thu, 19 Jul 2012 00:00:00 +0530 Thu, 09 Aug 2012 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215555 The court upheld the requirement of actual payment under Section 43B of the Income Tax Act for claiming deductions, emphasizing that depositing bonus amounts into a separate bank account does not fulfill the criteria for deduction eligibility. The judgment clarified the distinction between actual payment and deemed payment, highlighting the importance of compliance with the statutory provisions for claiming deductions. Case-Laws Income Tax Thu, 19 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215555