Advance Duty Payment Under Protest Complies with Sections 37 & 43B; Not Disallowed as Loan or Advance.

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....Duty paid by the assessee in advance under protest - assessee has incurred expenditure is only a duty payment. - assessee satisfied both the statutory provisions of Sections 37 and 43B - cannot be disallowed the same as in the nature of loan and advance - HC....