Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1996 (1) TMI 3 - SUPREME COURT
Sales T.O. completed the assessment in respect of the a/y 1962-63 on Mar. 31, 1966, and demanded an additional - Whether, on the facts and in the circumstances of the case, the assessee is entitled to deduction of Rs. 2,22,161 towards the sales tax liability for the a/y 1971-72 - When the assessee is following the mercantile sys. of accounting, in case of sales tax payable by the assessee, the liability to pay sales tax would accrue the moment the dealer made sales, which are sub. to sales tax