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2007 (9) TMI 366 - HC - Income TaxBusiness Expenditure- The claim of the assessee of sales tax was disallowed under section 43B for the assessment year 1985-86. The assessee claimed deduction of Rs.1,74,400 on account of sales tax payable which was due for payment and was paid within the due date which due date fell subsequent to the close of the accounting period. The Assessing Officer disallowed the deduction in view of section 43B of the Income-tax Act. Held that- the payment of sales tax dues within the due date, though after the close of accounting year was deductible in the relevant assessment year.
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