<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Expenditure Disallowed for AY 2016-17 Due to Earlier Payment; Upheld u/s 43B of Income Tax Act.</title>
    <link>https://www.taxtmi.com/highlights?id=72376</link>
    <description>Allowability of expenditure on service tax liability - since the amount was not paid during the F.Y. 2015-16, but it was actually paid in F.Y.2014-15 and earlier years the AO has rightly disallowed the impugned amount as un-allowable expenditure u/s. 43B of the Act for A.Y.2016-17.Therefore, in these facts and circumstances of the case we agree with the AO and upheld the disallowance. - AT</description>
    <language>en-us</language>
    <pubDate>Thu, 05 Oct 2023 13:19:14 +0530</pubDate>
    <lastBuildDate>Thu, 05 Oct 2023 13:19:14 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=728135" rel="self" type="application/rss+xml"/>
    <item>
      <title>Expenditure Disallowed for AY 2016-17 Due to Earlier Payment; Upheld u/s 43B of Income Tax Act.</title>
      <link>https://www.taxtmi.com/highlights?id=72376</link>
      <description>Allowability of expenditure on service tax liability - since the amount was not paid during the F.Y. 2015-16, but it was actually paid in F.Y.2014-15 and earlier years the AO has rightly disallowed the impugned amount as un-allowable expenditure u/s. 43B of the Act for A.Y.2016-17.Therefore, in these facts and circumstances of the case we agree with the AO and upheld the disallowance. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Thu, 05 Oct 2023 13:19:14 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=72376</guid>
    </item>
  </channel>
</rss>