https://www.taxtmi.com/caselaws?id=14167 On the changed provisions of the Karnataka Excise Act, particularly section 24, the Karnataka High Court held that the kist amount payable to the Government did not fall within the ambit of section 43B of the Income-tax Act, 1961. The court followed its earlier ruling on the same point and upheld the Tribunal's view that the kist liability could not be brought within section 43B. The issue was therefore resolved in favour of the assessee and against the Revenue. en-us Tue, 11 Jan 2000 00:00:00 +0530 Tue, 14 Jul 2009 12:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14167 On the changed provisions of the Karnataka Excise Act, particularly section 24, the Karnataka High Court held that the kist amount payable to the Government did not fall within the ambit of section 43B of the Income-tax Act, 1961. The court followed its earlier ruling on the same point and upheld the Tribunal's view that the kist liability could not be brought within section 43B. The issue was therefore resolved in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 11 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14167