Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (2) TMI 49 - AT - Income TaxAssessment - adjustment of MODVAT credit against the liability - Section 43B - it can be said that the adjustment was as good as the duty paid and it amounts to actual payment. The payment has been made before the due date of filing the return u/s 139(1). The first proviso contains a provision to the effect that nothing contained in this section shall be applicable in relation to any sum which is actually paid by the assessee on or before the due date applicable in his case for furnishing the return of income under sub-section (1) of section 139. In view thereof, the provision contained in section 43B(a) becomes inapplicable to the facts of the case of the assessee. – Revenue's appeal Appeal dismissed
|