https://www.taxtmi.com/caselaws?id=21465 The Appellate Tribunal remitted the matter to the Income-tax Officer to determine if outstanding liabilities were not statutorily payable in the accounting year, favoring the assessee's interpretation based on relevant case law. The High Court agreed that section 43B would not apply to certain taxes if not statutorily payable in the accounting year but limited provident fund contributions for deduction eligibility to payments made within a specified timeframe for the last month of the accounting year. Both judges concurred with this decision, providing a comprehensive interpretation of section 43B for the assessment year 1984-85. en-us Wed, 15 May 1991 00:00:00 +0530 Tue, 24 Nov 2009 16:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21465 The Appellate Tribunal remitted the matter to the Income-tax Officer to determine if outstanding liabilities were not statutorily payable in the accounting year, favoring the assessee's interpretation based on relevant case law. The High Court agreed that section 43B would not apply to certain taxes if not statutorily payable in the accounting year but limited provident fund contributions for deduction eligibility to payments made within a specified timeframe for the last month of the accounting year. Both judges concurred with this decision, providing a comprehensive interpretation of section 43B for the assessment year 1984-85. Case-Laws Income Tax Wed, 15 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21465