1980 (1) TMI 126 - AT - Income Tax

Summary

The appeal was filed by the assessee, Shri S. Ayyadurai, objecting to the disallowance of Rs. 36,337 paid as sales-tax. The Appellate Tribunal ITAT Madras allowed the appeal, stating that the sales-tax liability claimed as a deduction must be allowed as it was a subsisting one at the time when the accounts were closed and the return was filed.