Deduction u/s 43B allowable on taxes paid under protest & settlement of tax disputes

Pfizer Limited Vs Deputy Director of Income Tax (ITAT Mumbai) Conclusion: Assessee was entitled to claim deductions related to taxes paid under protest and the settlement of tax disputes under various state government amnesty schemes under section 43B and CIT(A) was not correct in rejecting the submissions advanced by assessee without appreciating the aforesaid factual matrix and the material on record. Held: In the instant case, assessee  had claimed for deductions related to taxes paid under protest and the settlement of tax disputes under various state government amnesty schemes. It had fi...