https://www.taxtmi.com/caselaws?id=64436 The Tribunal allowed the appeal in part. It held that the assessee should be entitled to the deduction of sales tax collected and paid within the statutory time limit provided by Sales Tax Laws, even if the deposit fell in the next financial year. The matter was remanded back to the ITO for further examination on this issue. Regarding the levy of interest under sections 139(8), 215, and 217 of the IT Act, the Tribunal found no need for interference, and the appeal was treated as allowed in part on this issue. en-us Fri, 29 Dec 1989 00:00:00 +0530 Mon, 07 Feb 2011 18:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64436 The Tribunal allowed the appeal in part. It held that the assessee should be entitled to the deduction of sales tax collected and paid within the statutory time limit provided by Sales Tax Laws, even if the deposit fell in the next financial year. The matter was remanded back to the ITO for further examination on this issue. Regarding the levy of interest under sections 139(8), 215, and 217 of the IT Act, the Tribunal found no need for interference, and the appeal was treated as allowed in part on this issue. Case-Laws Income Tax Fri, 29 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64436