https://www.taxtmi.com/caselaws?id=62746 The Tribunal allowed the appeal, directing the AO to permit the deduction of sales-tax liability paid during the relevant year under section 43B of the IT Act. The Tribunal emphasized that section 43B prevails over other provisions, allowing deduction solely upon actual payment of tax or duty, not merely on accrual of liability. The decision overturned the CIT(A)'s denial of the deduction claim, ensuring the assessee did not seek double benefit and highlighting the importance of adhering to the specific requirements of section 43B for claiming deductions. en-us Mon, 18 Jun 2007 00:00:00 +0530 Fri, 21 Jan 2011 13:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62746 The Tribunal allowed the appeal, directing the AO to permit the deduction of sales-tax liability paid during the relevant year under section 43B of the IT Act. The Tribunal emphasized that section 43B prevails over other provisions, allowing deduction solely upon actual payment of tax or duty, not merely on accrual of liability. The decision overturned the CIT(A)'s denial of the deduction claim, ensuring the assessee did not seek double benefit and highlighting the importance of adhering to the specific requirements of section 43B for claiming deductions. Case-Laws Income Tax Mon, 18 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62746