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2020 (2) TMI 162 - HC - Income TaxDifference between deferred sales tax liability and its Net present value - HELD THAT:- Tribunal in the impugned order while deciding the question regarding difference between deferred sales tax liability and its Net present value has opined against the Appellant revenue following the decision of this Court in case of CIT v. Sulzer India Ltd. [2010 (11) TMI 728 - ITAT, MUMBAI] . The learned Counsel for the Appellant has fairly brought to our notice decision of the Supreme Court in the case of Commissioner of Income Tax-6, Mum. vs. Balkrishna Industries Ltd .[2017 (11) TMI 1626 - SUPREME COURT] to point out that the question raised would stand covered against the Appellant revenue and the decision of this Court in CIT vs Sulzar is affirmed by the Supreme Court in this decision. In the circumstances, no substantial question of law arises.
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