https://www.taxtmi.com/caselaws?id=13286 The HC held that the Tribunal erred in its interpretation of section 43B of the Income-tax Act, 1961, regarding the disallowance of excise duty collected but not paid. The court concluded that section 43B benefits apply only if the excise duty is actually paid. Consequently, the Tribunal's decision was set aside, and the reference was resolved in favor of the Revenue. en-us Tue, 12 Sep 2006 00:00:00 +0530 Thu, 07 Mar 2024 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13286 The HC held that the Tribunal erred in its interpretation of section 43B of the Income-tax Act, 1961, regarding the disallowance of excise duty collected but not paid. The court concluded that section 43B benefits apply only if the excise duty is actually paid. Consequently, the Tribunal's decision was set aside, and the reference was resolved in favor of the Revenue. Case-Laws Income Tax Tue, 12 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13286