1995 (4) TMI 18 - HC - Income Tax

Summary

The High Court of Rajasthan held that the Income-tax Appellate Tribunal was justified in not disallowing the unpaid sales tax liability under section 43B of the Income-tax Act, 1961. The amended provisions of section 43B were deemed applicable retrospectively to the assessment year 1987-88. (Case: CIT v. Achaldas Dhanraj [1996] 217 ITR 799)