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2007 (9) TMI 364 - HC - Income TaxBusiness Expenditure- Whether on the facts and in the circumstances of the case, the Tribunal was justified in law to hold that deduction claimed by the assessee towards unpaid liability of sales tax at Rs. 49,697 were allowable deduction under section 43B of the Income-tax Act ? held that- the provisions envisaged under section 43B are clarificatory and retrospective. Since the amount was paid within the permissible date as per the explanation to section 43B, the view taken by the tribunal.
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