SECTION 43B: SUPREME COURT QUASHES DISALLOWANCE OF UNPAID EXCISE DUTY BASED SOLELY ON TAX AUDIT REPORT Can the Income Tax Department disallow unpaid excise duty merely because it appears in the tax audit report? Supreme Court says the existence of a liability and its actual accrual must be examined before invoking Section 43B….
The post SECTION 43B: SUPREME COURT QUASHES DISALLOWANCE OF UNPAID EXCISE DUTY BASED SOLELY ON TAX AUDIT REPORT appeared first on The Tax Talk.
