https://www.taxtmi.com/caselaws?id=301024 The Tribunal ruled in favor of the appellant, holding that interest payments made to the Government of Tamil Nadu are not subject to disallowance under section 43B. The Commissioner's decision on the crystallization of the liability was upheld, but the Tribunal rejected the application of section 43B to payments to the government. The matter was remanded for verification, with instructions to allow the interest if paid to the government. The appeal was partly allowed for statistical purposes. en-us Fri, 27 Jun 2014 00:00:00 +0530 Wed, 09 Mar 2022 08:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301024 The Tribunal ruled in favor of the appellant, holding that interest payments made to the Government of Tamil Nadu are not subject to disallowance under section 43B. The Commissioner's decision on the crystallization of the liability was upheld, but the Tribunal rejected the application of section 43B to payments to the government. The matter was remanded for verification, with instructions to allow the interest if paid to the government. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301024