Disallowance of electricity duty payable u/s 43B of Income Tax Act is unwarranted

Paschimanchal Vidyut Vitran Nigam Ltd. Vs DCIT (ITAT Delhi) ITAT Delhi held that disallowance of Electricity Duty payable by the assessee by invoking provisions of section 43B of the Income Tax Act, 1961 is unwarranted and unjustified. Facts- This appeal is filed by the assessee against the order of the ld. Commissioner of Income Tax (Appeals) [hereinafter referred to CIT (Appeals)] Meerut, dated 27.12.2017 for the assessment year 2013-14 in sustaining the disallowance made under section 43B of the Income Tax Act, 1961 (the Act) in respect of Electricity Duty payable. Conclusion- On perusal of...