https://www.taxtmi.com/caselaws?id=341636 FSI premium payable to a municipal authority was held outside section 43B because it was not, in substance, a tax, duty, cess or fee; the disallowance was deleted. Provisioned expenses could not be disallowed under section 40(a)(ia) unless the deductee was identifiable and the payable amount ascertainable, so the matter was remanded for fresh verification on those facts. A liaison-services receipt was taxable in the year it was credited or received under the accounting method consistently followed for that activity, and the addition for the impugned year was deleted. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 12 Apr 2017 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341636 FSI premium payable to a municipal authority was held outside section 43B because it was not, in substance, a tax, duty, cess or fee; the disallowance was deleted. Provisioned expenses could not be disallowed under section 40(a)(ia) unless the deductee was identifiable and the payable amount ascertainable, so the matter was remanded for fresh verification on those facts. A liaison-services receipt was taxable in the year it was credited or received under the accounting method consistently followed for that activity, and the addition for the impugned year was deleted. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341636