Section 43B

Last updated: 05 October 2007

Court :
High Court

Brief :

Citation :

CIT vs. M/s Sabari Enterprises (Karnataka High Court) The deletion of the second proviso to s. 43B by the Finance Act 2003 wef 1.4.2004 should be treated as a retrospective amendment and contributions towards PF and ESI made before the due date of filing the ROI are allowabale deductions even though they may be beyond the period stipulated in s 36(1)(va). Note: This view is contrary to that taken by the Madras High Court in CIT vs. Synergy Financial Exchange 288 ITR 366.