https://www.taxtmi.com/caselaws?id=10195 The High Court of ALLAHABAD upheld the deletion of an addition of Rs. 13,543 made by the Income-tax Officer under section 43B of the Income-tax Act, 1961. The Court ruled in favor of the Revenue, emphasizing compliance with statutory rules and circulars for tax assessments. The decision clarified that amounts collected in one financial year but due in the subsequent year cannot be disallowed under section 43B, highlighting the binding nature of circulars issued by the Central Board of Direct Taxes. en-us Mon, 06 Dec 2004 00:00:00 +0530 Fri, 10 Jul 2009 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10195 The High Court of ALLAHABAD upheld the deletion of an addition of Rs. 13,543 made by the Income-tax Officer under section 43B of the Income-tax Act, 1961. The Court ruled in favor of the Revenue, emphasizing compliance with statutory rules and circulars for tax assessments. The decision clarified that amounts collected in one financial year but due in the subsequent year cannot be disallowed under section 43B, highlighting the binding nature of circulars issued by the Central Board of Direct Taxes. Case-Laws Income Tax Mon, 06 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10195