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2002 (2) TMI 28 - HC - Income TaxBusiness Expenditure - Deduction Only On Actual Payment - "Whether, on the facts and in the circumstances of these cases, the Appellate Tribunal erred in law in setting aside the matters to the Assessing Officer with directions that no disallowances were to be made under section 43B of the Income-tax Act, 1961, of Rs. 6,570, Rs. 5,303, Rs. 24,672 and Rs. 13,459, if such payments had been made on or before the due date applicable for furnishing of return of income under section 139(1) of the Income-tax Act, 1961?" - we answer the question in the negative, as that the Tribunal is right in law in setting aside the order of the Assessing Officer with direction to the Assessing Officer not to disallow the amount under section 43B of the Act, i.e., in favour of the assessee and against the Revenue.
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