Deduction u/s 43B is allowable in case of interest paid on customs duty

Enkei Wheels India Ltd. Vs DCIT (ITAT Pune) ITAT Pune held that interest paid on customs duty is allowable as deduction under section 43B of the Income Tax Act, 1961. Facts- During the assessment proceedings AO observed that assessee had paid Rs.3,37,96,354/- on account payment of interest on custom duty on various dates. The assessee claimed said amount as deduction allowable under section 43B of the Act as being paid on or before due date of filing of return of income for the relevant assessment year. The AO disallowed the said amount stating that it is not allowable deduction under section ...