TMI BlogLocal Body Tax Deductible u/s 43B Despite Being Related to a Prior Period.Local Body Tax (LBT) - claimed as deductible u/s 43B - said amount was paid during the year under consideration, though it related to prior period - Merely because no provision was made in the earlier years deduction cannot be denied u/s 43B ..... X X X X Extracts X X X X X X X X Extracts X X X X
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