Contention that clause (f) of sec 43-B inserted vide Finance Act ,2001 w.e.f..1-4-2002 only to nullify ruling of Supreme Court in Bharat Earth Movers, (2000) 6 SCC 645
Held that Notably, this regulatory measure is in sync with other deductions specified in Section 43-B, which are also present and accrued liabilities. A priori, merely because a certain liability…