https://www.taxtmi.com/highlights?id=57691 Disallowing unpaid interest u/s. 43B - In the instant case the assessee company failed to pay the interest amount on or before the due date of filing the return of income u/s. 139(1) of the Act. The proviso clearly states that the deduction is allowable if the amount is actually paid." Therefore, we are of the view that one more opportunity may be given to assessee to substantiate its claim by filling documentary evidence before the AO. - AT en-us Thu, 22 Apr 2021 21:42:39 +0530 Thu, 22 Apr 2021 21:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57691 Disallowing unpaid interest u/s. 43B - In the instant case the assessee company failed to pay the interest amount on or before the due date of filing the return of income u/s. 139(1) of the Act. The proviso clearly states that the deduction is allowable if the amount is actually paid." Therefore, we are of the view that one more opportunity may be given to assessee to substantiate its claim by filling documentary evidence before the AO. - AT Highlights Income Tax Thu, 22 Apr 2021 21:42:39 +0530 https://www.taxtmi.com/highlights?id=57691