https://www.taxtmi.com/caselaws?id=430448 The Tribunal dismissed the Revenue's appeal challenging the deletion of disallowance under Section 43B of the Income Tax Act for non-payment of electricity duty. It upheld the CIT(A)'s decision that electricity duty collected by the assessee is not subject to disallowance under Section 43B. Additionally, the Tribunal partly allowed the Cross Objection filed by the assessee regarding disallowance under Section 40(a)(ia) for non-deduction of tax at source on interest paid to consumers, reducing the disallowance amount and allowing it as an interest expenditure. en-us Tue, 30 Aug 2022 00:00:00 +0530 Sat, 19 Nov 2022 08:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430448 The Tribunal dismissed the Revenue's appeal challenging the deletion of disallowance under Section 43B of the Income Tax Act for non-payment of electricity duty. It upheld the CIT(A)'s decision that electricity duty collected by the assessee is not subject to disallowance under Section 43B. Additionally, the Tribunal partly allowed the Cross Objection filed by the assessee regarding disallowance under Section 40(a)(ia) for non-deduction of tax at source on interest paid to consumers, reducing the disallowance amount and allowing it as an interest expenditure. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430448