Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1968 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1968 (6) TMI 1 - HC - Income TaxBusiness income - sales tax - if, the assessee is found liable to pay sales tax to the State Govt., the amounts so paid would be allowed as a deduction in the year of payment. Similarly, if the assessee had to refund any moneys to the purchasers at the auctions, then such refunds would also be allowed as deduction in the year in which they are made
|