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2017 (11) TMI 124 - HC - Income TaxDeduction u/s 43-B - Held that:- In the present case, no dispute with regard to the fact that the deletion of proviso of section 43-B has curative effect and would operate retrospectively. The fact remains that the claim of deduction must fall within the four corner of the proviso of Section 43-B which unfortunately the appellant does not fulfil, therefore, the aforesaid judgments does not rescue the appellant. We have considered the submission of learned counsel for the appellant as well as learned counsel for the revenue, we are of the opinion that the Tribunal has arrived at right conclusion in rejecting the claim of the appellant for claim of the deduction in view of the proviso to Section 43-B. The authorities have rightly recorded the finding of fact which does not require to interfere by this Court.
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