Held, that the amount was disallowed in the return of income filed for the assessment year 2018-19 and was not claimed by the assessee in the immediately previous assessment year. The assessee is entitled to deduction in the year of payment. (AY.2019-20)
Adani Power Ltd. v Assessing Officer (2023) 107 ITR 13 (SN) (Ahd.)(Trib.)
S. 43B : Deductions on actual payment-Bonus-Pre-existing liability paid in previous year-Not allowed in earlier years-Allowable in the year of payment. [S. 139, 145]