Section 43b of it act

Dear All,

As per section 43B, certain expenditures are allowed on payment basis only.

in case of payment of Interest to Bank ( CC A/c or term loan A/c ), if Bank has charged interest & debited the same in the customers CC account, whether the same amounts to actual payment of Interest to Bank or not (for the purpose of Section 43B) ?

Pls reply, & if possible kindly quote relevant case laws too.

Thanks

Mridul Kogta