https://www.taxtmi.com/caselaws?id=63373 Sales tax refund was not taxable under section 41(1) because the earlier appellate sales tax order had not resulted in a final and irrevocable cessation of liability; it remained open to statutory revision, so the alleged remission was not complete during the year. On the alternative computation point, the amount payable to the DGSD was allowable as a corresponding deduction because the contract made sales tax recoverable only if legally leviable, and once it was found not leviable the amount became refundable under restitution principles. Under mercantile accounting, the related liability was recognised in the year. en-us Mon, 02 Apr 1984 00:00:00 +0530 Sat, 29 Jan 2011 16:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63373 Sales tax refund was not taxable under section 41(1) because the earlier appellate sales tax order had not resulted in a final and irrevocable cessation of liability; it remained open to statutory revision, so the alleged remission was not complete during the year. On the alternative computation point, the amount payable to the DGSD was allowable as a corresponding deduction because the contract made sales tax recoverable only if legally leviable, and once it was found not leviable the amount became refundable under restitution principles. Under mercantile accounting, the related liability was recognised in the year. Case-Laws Income Tax Mon, 02 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63373