https://www.taxtmi.com/caselaws?id=11252 Section 43B disallowance does not extend to unpaid kist or rental payable for an excise lease or licence, because that liability is statutory but not in the nature of tax, duty, cess or fee. Applying an earlier Division Bench view, the Karnataka High Court treated the power to grant leases and levy licence or privilege fee under the Karnataka Excise Act, 1965, as distinct from the liabilities covered by section 43B. The unpaid kist amount was therefore outside the disallowance provision, and the Tribunal's view was affirmed in favour of the assessee. en-us Thu, 01 Aug 2002 00:00:00 +0530 Mon, 03 Aug 2009 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11252 Section 43B disallowance does not extend to unpaid kist or rental payable for an excise lease or licence, because that liability is statutory but not in the nature of tax, duty, cess or fee. Applying an earlier Division Bench view, the Karnataka High Court treated the power to grant leases and levy licence or privilege fee under the Karnataka Excise Act, 1965, as distinct from the liabilities covered by section 43B. The unpaid kist amount was therefore outside the disallowance provision, and the Tribunal's view was affirmed in favour of the assessee. Case-Laws Income Tax Thu, 01 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11252