2012 (9) TMI 914

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....Justice and Madan B. Lokur, J JUDGEMENT Heard learned counsel on both sides. Delay condoned. Leave granted. This civil appeal is filed by the Department. There is not dispute that the assessee has paid tax which was calculated on estimation under the Karnataka Sales Tax Act, 1957. In the circumstances, Section 43B of the Income Tax Act, 1961, squarely applies. We see no reason to interfere ....

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.... dismissed with no order as to costs. Civil Appeal No. 6449/2012 Heard learned counsel on both sides. Leave granted. In this civil appeal, following two questions arise for determination:     "(i) Whether advance customs duty paid by the assessee can be deducted under Section 43-B of the Income Tax Act, 1961?     (ii) Whether club membership fee for employees in....