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2012 (7) TMI 490 - AT - Income TaxDeleting the addition made on account of deferment of Sales-tax by CIT - Held that:- Joint Director, District Industries Centre, Belgium, Karnataka had issued a certificate stating that the unit is eligible to avail sales tax deferment both “KST and CST” for a period of eight years with effect from 14-12-2001. This shows that this unit of the assessee is eligible for the benefit of deferment of sales tax for the sales made up to 13-12-2009 and as the relevant case falls for the previous year 2006-07 and the assessment year 2007-08 which is well within the period of sanction granted by the appropriate Authorities in the State of Karnataka. Hence, the assessee is entitled to claim the benefit of deferment of sales tax for the relevant assessment year - Further no materials are produced by the Revenue to suggest that the certificate granted by the Joint Director is withdrawn or cancelled - in favour of the assessee.
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