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2008 (8) TMI 141 - GUJARAT HIGH COURTAddition u/s 43B – Certificate produced by the assessee certified that the sales-tax amount collected by the assessee was not paid to Govt. but was converted into loan - Circular No.496 made clear that if the sales tax due to the Government is converted as a loan which may be repaid by the assessee subsequently by installments, the Dept. shall treat the sales tax dues as actually paid for all purposes – additions were rightly deleted by CIT (A) & ITAT – amount could not be disallowed
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