Sales tax deductions for returned goods must be claimed in the year of sale: Supreme Court ruling.

The Supreme Court allowed the appeal in a sales tax case, holding that deductions for goods returned by purchasers must be claimed in the year of sale, not the following year. The State of Maharashtra's appeal was successful, overturning the High Court's decision.

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The Supreme Court allowed the appeal in a sales tax case, following the precedent set in Deputy Commissioner of Sales Tax (Law), Board of Revenue (Taxes), Ernakulam v. Motor Industries Co. The Court held that deductions for goods returned by purchasers must be claimed in the year of sale, not the following year. The appeal of the State of Maharashtra was allowed, overturning the High Court's decision.

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