https://www.taxtmi.com/caselaws?id=14168 Unpaid kist payable to the Government was held to fall outside section 43B of the Income-tax Act, 1961, because it was not treated as the kind of liability contemplated by that provision. The Karnataka High Court followed its earlier decision on the same issue and held that even the changed provisions of the Karnataka Excise Act, 1965 did not alter the position. The result was that the kist amount could not be disallowed under section 43B, and the answer was in favour of the assessee. en-us Fri, 11 Feb 2000 00:00:00 +0530 Tue, 14 Jul 2009 12:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14168 Unpaid kist payable to the Government was held to fall outside section 43B of the Income-tax Act, 1961, because it was not treated as the kind of liability contemplated by that provision. The Karnataka High Court followed its earlier decision on the same issue and held that even the changed provisions of the Karnataka Excise Act, 1965 did not alter the position. The result was that the kist amount could not be disallowed under section 43B, and the answer was in favour of the assessee. Case-Laws Income Tax Fri, 11 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14168