TMI BlogSection 43BX X X X Extracts X X X X X X X X Extracts X X X X ..... A particular local levy was being challenged in the Hon'ble High Court by the buyers. On the instruction of the Hon'ble High Court, the same was being collected but not deposited. Since the is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sue was subjudice the non payment of the local levy was not being disallowed u/s 43B of Income Tax Act . However during FY 15-16, the Hon'ble High Court direct to deposit the local levy. Now ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... my query is whether the preexisting liability of the local levy not paid till 31.03.16 to be disallowed in the Tax Audit Report for FY 15-16. Say ₹ 200 was collected only ₹ 140 could be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paid upto 31.03.16 (Rs 60 not paid by the buyers who have challenged the levey). Whether ₹ 60 (Rs 200-140) to be disallowed as preexisting liability not paid. As far treatment of current yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r local levy collected paid upto Return Filing Date is concerned, it is not an issue... Expecting an early reply.. - Reply By Ganeshan Kalyani - The Reply = In my view of the outstanding iabil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity as on 31st March is paid before filing of tax audit report the same shall be allowed. - Section 43B - Query Started By: - BHARAT COKING COAL LIMITED Dated:- 18-10-2016 Income Tax - Got 1 Reply - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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