https://www.taxtmi.com/caselaws?id=11184 The court held that the unpaid amount of bottling fee cannot be considered as actual payment upon furnishing a bank guarantee under section 43B of the Income-tax Act, 1961. It was determined that the deduction claimed by the assessee was debatable and not a mistake apparent from the record, requiring substantive consideration during regular assessment proceedings under section 143(2). Rectification in intimation under section 143(1)(a) was deemed provisional and could not create additional liability once regular assessment proceedings were initiated. The appeal was dismissed, emphasizing the necessity of addressing tax issues through the regular assessment process. en-us Fri, 09 May 2003 00:00:00 +0530 Sat, 01 Aug 2009 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11184 The court held that the unpaid amount of bottling fee cannot be considered as actual payment upon furnishing a bank guarantee under section 43B of the Income-tax Act, 1961. It was determined that the deduction claimed by the assessee was debatable and not a mistake apparent from the record, requiring substantive consideration during regular assessment proceedings under section 143(2). Rectification in intimation under section 143(1)(a) was deemed provisional and could not create additional liability once regular assessment proceedings were initiated. The appeal was dismissed, emphasizing the necessity of addressing tax issues through the regular assessment process. Case-Laws Income Tax Fri, 09 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11184