CBDT Amends Income Tax Notification to include section 43B(h) of the IT act disallowance under clause 22 of TAR:

CBDT Amends Income Tax Notification to include section 43B(h) of the IT act disallowance under clause 22 of TAR The Central Board of Direct Taxes (CBDT) has notified an amendment in the Income Tax Notification to include section 43B(h) of the IT Act disallowance under clause 22 of TAR via issuing a Notification. The Notification Read as follows: In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 155(E), dated 5th March, 2024, at page 2, for item E, read:–– ‘E. in clause 22, after the figures “2006”, the words and figures “ or any other amount not allowable under clause (h) of section 43B of the Income-tax Act, 1961” shall be inserted;’. For Official Notification Download PDF Given Below: