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Deduction U/s 43B Shall Be Allowed If Assessee Has Claimed Such Deduction On Payment Basis: Rajkot ITAT
The Rajkot ITAT held that the claim of the assessee cannot be denied as it was not reported in the tax audit report, especially in the circumstances where other evidence is available on record.
Gujarat high court
Judicial member
Waseem ahmed
Accountant member
Rajkot itat
Tax audit report
Section 43b income tax act
Evidence document
Explanation 3C to Section 43B(d), Income Tax act is clarificatory, does not add new condition: Supreme Court
Supreme Court on Wednesday had occasion to observe that Explanation 3C to Section 43B of the Income Tax Act, 1961 is only clarificatory.
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Income tax
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Section 43b income tax act
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