Court Rules Payment Year Crucial for Deductions u/s 43-B; Favoring Assessee on Tax Liability Payments.

Court Rules Payment Year Crucial for Deductions u/s 43-B; Favoring Assessee on Tax Liability Payments. https://www.taxtmi.com/highlights?id=6292 Disallowance u/s 43-B - amounts deposited in (PLA) - For the purpose of claiming benefit of deduction of the sum paid against the liability of tax, duty, cess, fee, etc., the year of payment is relevant and is only to be taken into account - in favour of assessee. - HC en-us Fri, 21 Dec 2012 08:19:52 +0530 Fri, 21 Dec 2012 08:19:52 +0530 TaxTMI RSS Generator Court Rules Payment Year Crucial for Deductions u/s 43-B; Favoring Assessee on Tax Liability Payments. https://www.taxtmi.com/highlights?id=6292 Disallowance u/s 43-B - amounts deposited in (PLA) - For the purpose of claiming benefit of deduction of the sum paid against the liability of tax, duty, cess, fee, etc., the year of payment is relevant and is only to be taken into account - in favour of assessee. - HC Highlights Income Tax Fri, 21 Dec 2012 08:19:52 +0530 https://www.taxtmi.com/highlights?id=6292