1971 (8) TMI 10 - SC - Income Tax

Assessee maintaining his accounts in mercantile system - Assessee was entitled to claim the deduction towards the sales tax liability which it was liable under law to pay during the relevant accounting year - That liability did not cease to be a liability because the assessee had taken proceedings before higher authorities for getting it reduced so long as the assessee's completion did not prevail - assessee's appeal is allowed