https://www.taxtmi.com/caselaws?id=33588 Section 43B requires actual payment of a statutory liability before deduction is allowed, and furnishing a bank guarantee does not amount to such payment because no money is paid to the exchequer. The provision also applies only to compulsory tax-like exactions within the genus of "tax, duty, cess or fee, by whatever name called", applying ejusdem generis to confine its scope. On that basis, bottling fee payable under the Rajasthan Excise regime, being consideration for the exclusive privilege to bottle IMFL and not a tax or fee of that character, falls outside section 43B. The disallowance was therefore not attracted. en-us Fri, 08 May 2009 00:00:00 +0530 Tue, 18 Dec 2018 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33588 Section 43B requires actual payment of a statutory liability before deduction is allowed, and furnishing a bank guarantee does not amount to such payment because no money is paid to the exchequer. The provision also applies only to compulsory tax-like exactions within the genus of "tax, duty, cess or fee, by whatever name called", applying ejusdem generis to confine its scope. On that basis, bottling fee payable under the Rajasthan Excise regime, being consideration for the exclusive privilege to bottle IMFL and not a tax or fee of that character, falls outside section 43B. The disallowance was therefore not attracted. Case-Laws Income Tax Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33588