2013 (4) TMI 288

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..... troversy stands concluded against the department as decided in Allied Motors(P) Ltd. versus Commissioner of Income Tax [1997 (3) TMI 9 - SUPREME COURT] wherein it has been held that if the tax is so collected and deposited even after the expiry of the accounting year but on the due date, the deduction cannot be disallowed under section 43-B. Also see Commissioner of Income Tax versus Krishna Satya .....

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..... entertainment tax during the period 26.12.1983 to 31.12.1983 amounting to Rs.14,167/-. The said tax was deposited in the account of the State Government on 4.1.1984. Claim for deduction was disallowed by the assessing authority on the ground that the entertainment tax was deposited after the close of the accounting period which ended on 31.12.1983, but on or before due date to make the deposit of .....

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