No section 43B addition if VAT Liability Paid Before Due Date of Filing Return

Lake View Hospitality Vs DCIT (ITAT Mumbai) As per the provision of section 43B of the Act, any sum payable by the assessee by way of tax, duty, cess or fee shall be allowable in computing the income of that previous year in which such sum is actually paid by the assessee. In the present case, as per the assessee, VAT liability was duly paid by the assessee before the due date of filing return u/s 139 (1) of the Act for the relevant assessment year. In support of its submission, the assessee has filed by way of additional evidence sample copy of challans as well as statement showing details of...