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2004 (8) TMI 11 - HC - Income TaxSection 37 - sales tax liability and penal interest - "Whether Tribunal was justified in law in holding that the assessee's claim for Rs. 15,498 representing sales tax liability and penal interest on it for earlier years was an allowable deduction under the Income-tax Act, 1961, specially when the said amount was offered for taxation in the assessment year 1979-80 on refund?" - We, therefore, answer the question of law referred to us in the affirmative, i.e., in favour of the assessee and against the Revenue
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