https://www.taxtmi.com/caselaws?id=24978 Section 43B of the Income-tax Act was upheld as constitutionally valid because its classification of statutory levies had a rational nexus with preventing retention of collected amounts, and it imposed only a reasonable restriction on business. The provision was held applicable to sales tax, but it could not be used to disallow sales tax or other levies that were statutorily payable only after the close of the relevant accounting year. Market cess was treated as neither tax nor duty for section 43B, so disallowance on non-payment was not sustainable. en-us Thu, 03 Mar 1988 00:00:00 +0530 Sat, 23 Jan 2010 14:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24978 Section 43B of the Income-tax Act was upheld as constitutionally valid because its classification of statutory levies had a rational nexus with preventing retention of collected amounts, and it imposed only a reasonable restriction on business. The provision was held applicable to sales tax, but it could not be used to disallow sales tax or other levies that were statutorily payable only after the close of the relevant accounting year. Market cess was treated as neither tax nor duty for section 43B, so disallowance on non-payment was not sustainable. Case-Laws Income Tax Thu, 03 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24978