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2004 (10) TMI 35 - HC - Income TaxDeduction of sales tax liability under section 43B - "Whether Tribunal was right in law in allowing deduction of sales tax liability under section 43B, though the assessee had collected but not paid the amount of sales tax within the accounting period relevant to the assessment year under reference on the ground that the assessee was authorised to retain the amount for a prescribed period under the 'Deferred payment scheme' of the Excise and Taxation Department of the State Government of Haryana? - The provisions having been made in the Sales Tax Rules framed by the State Government, the assessee was not required to make the payment under the relevant sales tax laws. The Tribunal was thus right in allowing deduction to the assessee - we answer the question of law against the Revenue and in favour of the assessee."
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