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of <h1>Court orders Tribunal to consider deducting sales tax in computing taxable income. Reference ordered.</h1> <h3>Commissioner Of Income-Tax Versus Banara Udyog Private Limited</h3> Commissioner Of Income-Tax Versus Banara Udyog Private Limited - [1992] 194 ITR 738 The High Court of Allahabad directed the Tribunal to consider whether sales tax paid in a subsequent year can be deducted in computing taxable income for the assessment year 1984-85, in light of Explanation 2 to section 43B of the Income-tax Act, 1961. Reference ordered, no costs. [Case citation: 1991 (3) TMI 54 - ALLAHABAD High Court]
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