Non-payment of interest to co-operative bank would not attract disallowance u/s. 43B

HIGH COURT OF BOMBAY Commissioner of Income-tax – 2 versus Upendra T. Kapadia IT APPEAL NO. 602 OF 2011 OCTOBER 30, 2012 JUDGMENT M.S. Sanklecha, J. This appeal by the revenue under Section 260 A of the Income Tax Act, 1961 (“the Act”) is against the order dated 26/10/2009 passed by the Income Tax Appellate Tribunal (“the Tribunal”) relating to the assessment year 2004-05. 2. Being aggrieved, the following questions of law have been formulated by the appellant for the consideration by this Court. (A)  Whether on the facts and in the circumstances...