Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2012 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (1) TMI 91 - DELHI HIGH COURTDeduction u/s 43B in respect of interest paid on additional sales-tax - Tribunal rejected the claim on the ground that interest did not fall within the expression “any sum payable” used in Section 43B – Held that:- It is clear in Section 17-A (2) of the Himachal Pradesh General Sales Tax Act, 1968 that once there is a notice of demand for the tax and the same is not paid then interest becomes automatically payable. In this regard, Tribunal, not having considered the said provisions of Himachal Pradesh General Sales Tax Act has committed an error in law – Decided in favor of assessee.
|