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2003 (11) TMI 46 - HC - Income TaxProvident fund contribution and administrative charges under section 43B(b) - effect of the addition of the first proviso to section 43B by the Finance Act, 1987 – retrospective effect for AY 1988-89 - object of section 43B was to ensure that the deduction claimed was in relation to an amount which had in fact been paid by the assessee and that the payment that is required to be made is made within the time allowed by the law. It would be clearly unjust to disallow deduction of such payment in the assessment of the income of the assessee - Tribunal was not right in restoring the order of the Assessing Officer in disallowing the provident fund contribution & administrative charges u/s 43B(b)
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