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2011 (1) TMI 323 - HC - Income TaxDisallowance - Rule 6D of the Income-tax Rules, 1962 - Deposit of Duty in PLA - Department contended that it is payment of advance not duty and therefore should not be allowed to deducted u/s 43B - Held that: - The procedure envisaged for payment of excise duty envisages such duty to be deposited in advance with the treasury before the goods are removed from the factory premises. The duty, thus, already stands deposited in the accounts of the assessee maintained with the treasury and the amount, thus, stands paid to the State. - Deduction allowed.
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