https://www.taxtmi.com/caselaws?id=309840 The High Court held that Section 43B of the Income-tax Act, 1961 does not apply to unpaid royalty to the Government. As royalty is not considered a tax, the provisions of Section 43B, which relate to tax deductions, are not attracted. The Court ruled in favor of the assessee, concluding that the restriction under Section 43B does not extend to royalty payments. The reference was disposed of with no costs. en-us Tue, 29 Jan 2008 00:00:00 +0530 Sat, 23 Sep 2023 10:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309840 The High Court held that Section 43B of the Income-tax Act, 1961 does not apply to unpaid royalty to the Government. As royalty is not considered a tax, the provisions of Section 43B, which relate to tax deductions, are not attracted. The Court ruled in favor of the assessee, concluding that the restriction under Section 43B does not extend to royalty payments. The reference was disposed of with no costs. Case-Laws Income Tax Tue, 29 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309840