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2004 (12) TMI 71 - HC - Income TaxSales tax liability – applicability of section 43B - "Whether Tribunal was correct in law in holding that the provisions of section 43B were not applicable in respect of sales tax liability of Rs. 10,272?" - It is not in dispute that the amount of Rs. 10,272 which the respondent had collected towards sales tax in the last quarter of the accounting period had been paid over to the Sales Tax Department within the prescribed period in the next accounting year. In this view of the matter it cannot be said that the amount has not been paid over to the Sales Tax Department and the provisions of section 43B of the Act would not be attracted. – Thus, we answer the question referred to us in the affirmative, i.e., in favour of the assessee and against the Revenue
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