M/S.SHASUN CHEMICALS AND DRUGS LTD. vs. COMMISSIONER OF INCOME TAX, CHENNAI
The appeals are allowed
C.A. No.-009611-009611 - 2016Supreme Court16 Sept 2016
Section 35D
ii)
of sub-section (1) of Section 36. There is no dispute
that this amount was paid by the assessee to its
employees within the stipulated time. Embargo specified
under Section 43B or 40A(9) of the Act does not come in
the way of the assessee. Therefore, the High Court was
wrong in disallowing
