https://www.taxtmi.com/caselaws?id=219312 Salary provisions for cadre staff actually paid before the return-filing due date satisfy the payment condition under section 43B(b) where the expenditure has been debited to the profit and loss account, allowing the deduction. Premium paid to acquire government securities held and dealt with as part of banking operations, including statutory investments, is revenue expenditure because securities trading is integral to the banking business. On these principles, the additions for unpaid salary provision and securities premium were deleted, and the appellate relief was maintained. en-us Mon, 23 Jul 2012 00:00:00 +0530 Mon, 24 Sep 2012 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219312 Salary provisions for cadre staff actually paid before the return-filing due date satisfy the payment condition under section 43B(b) where the expenditure has been debited to the profit and loss account, allowing the deduction. Premium paid to acquire government securities held and dealt with as part of banking operations, including statutory investments, is revenue expenditure because securities trading is integral to the banking business. On these principles, the additions for unpaid salary provision and securities premium were deleted, and the appellate relief was maintained. Case-Laws Income Tax Mon, 23 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219312