https://www.taxtmi.com/caselaws?id=61988 An exemption notification covering the full accounting year extinguished any enforceable purchase tax liability at year-end, so a provision made in mercantile accounts for that tax was not deductible. Prior monthly payments and earlier administrative views did not create an allowable liability where the exemption operated throughout the year. The purchase tax provision was therefore disallowed, and the Revenue's position prevailed. en-us Mon, 07 Sep 1987 00:00:00 +0530 Mon, 17 Jan 2011 14:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61988 An exemption notification covering the full accounting year extinguished any enforceable purchase tax liability at year-end, so a provision made in mercantile accounts for that tax was not deductible. Prior monthly payments and earlier administrative views did not create an allowable liability where the exemption operated throughout the year. The purchase tax provision was therefore disallowed, and the Revenue's position prevailed. Case-Laws Income Tax Mon, 07 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61988