https://www.taxtmi.com/caselaws?id=300837 The High Court of Madras addressed an appeal concerning the interpretation of Section 43B of the Income Tax Act regarding interest payments to the Government of Tamil Nadu. The Court emphasized the Assessing Officer's duty to verify payments and determine the applicability of Section 43B. The Court directed the Assessing Authority to act on the Tribunal's remand order without identifying any substantial legal questions. Ultimately, the Court disposed of the Tax Case Appeal without imposing costs, stressing the importance of compliance with the law and thorough examination of the issue. en-us Mon, 14 Dec 2020 00:00:00 +0530 Sun, 27 Feb 2022 20:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300837 The High Court of Madras addressed an appeal concerning the interpretation of Section 43B of the Income Tax Act regarding interest payments to the Government of Tamil Nadu. The Court emphasized the Assessing Officer's duty to verify payments and determine the applicability of Section 43B. The Court directed the Assessing Authority to act on the Tribunal's remand order without identifying any substantial legal questions. Ultimately, the Court disposed of the Tax Case Appeal without imposing costs, stressing the importance of compliance with the law and thorough examination of the issue. Case-Laws Income Tax Mon, 14 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300837