https://www.taxtmi.com/caselaws?id=55458 Section 43B applies only to sums statutorily payable during the relevant accounting year and does not permit disallowance of electricity duty merely collected as an agent and remitted within the period prescribed by the governing statute. Electricity duty kept separately and paid in the following year was therefore not subject to disallowance. Bad debts arising from disconnected high-tension consumers that had become sick units were treated as genuine and commercially justified where only a small portion was subsequently recovered and the balance remained unrealised for years. The bad-debt deduction and the electricity-duty claim were accepted. en-us Fri, 29 Jul 1988 00:00:00 +0530 Sat, 27 Nov 2010 11:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55458 Section 43B applies only to sums statutorily payable during the relevant accounting year and does not permit disallowance of electricity duty merely collected as an agent and remitted within the period prescribed by the governing statute. Electricity duty kept separately and paid in the following year was therefore not subject to disallowance. Bad debts arising from disconnected high-tension consumers that had become sick units were treated as genuine and commercially justified where only a small portion was subsequently recovered and the balance remained unrealised for years. The bad-debt deduction and the electricity-duty claim were accepted. Case-Laws Income Tax Fri, 29 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55458