Notwithstanding anything contained in above sec...meaning plse.sir
Nivetharaman Raman
CA Inter
★ 11K+
16-Aug-20 14:41
311
Answers (3)
If a sectin begins with "Notwithstanding....", it means the section overrides the provision of other section or other portion of Act.
CA Suraj Lakhotia
Admin
16-Aug-20 14:51
Over ride mns sir
Thread Starter
Nivetharaman Raman
CA Inter
★ 11K+
16-Aug-20 20:32
Section 37 - Business expenses are allowed as deduction
Section 43B - Nothwithstanding any provision contained in income tax, certain expenses will be allowed as deduction only on payment basis.
So 43B overrrides section 37.