https://www.taxtmi.com/caselaws?id=3148 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue and against the assessee. The court affirmed that the excise duty realized but not deposited did not qualify for deduction under section 43B of the Income-tax Act, 1961. The judgment emphasized the importance of complying with tax laws and ensuring timely deposits to the Government treasury to claim deductions appropriately. en-us Wed, 16 May 2007 00:00:00 +0530 Wed, 30 Jul 2008 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3148 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue and against the assessee. The court affirmed that the excise duty realized but not deposited did not qualify for deduction under section 43B of the Income-tax Act, 1961. The judgment emphasized the importance of complying with tax laws and ensuring timely deposits to the Government treasury to claim deductions appropriately. Case-Laws Income Tax Wed, 16 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3148