https://www.taxtmi.com/caselaws?id=340721 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to delete the addition of Rs. 1,73,35,28,049/- made under Section 43B of the Income Tax Act. The Tribunal held that the fulfillment of export obligations, reducing customs duty liability, qualifies as payment under Section 43B. The issues concerning the reopening of the assessment and alternative grounds were considered academic and not addressed in detail. en-us Wed, 22 Mar 2017 00:00:00 +0530 Sat, 25 Mar 2017 09:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340721 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to delete the addition of Rs. 1,73,35,28,049/- made under Section 43B of the Income Tax Act. The Tribunal held that the fulfillment of export obligations, reducing customs duty liability, qualifies as payment under Section 43B. The issues concerning the reopening of the assessment and alternative grounds were considered academic and not addressed in detail. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340721