https://www.taxtmi.com/caselaws?id=66386 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision that disallowance under section 43B was not permissible as a prima facie adjustment under section 143(1)(a). The conversion of sales tax liability into a loan was deemed correct, supported by evidence, and the eligibility certificate for deferment was issued within the relevant assessment year. The Tribunal emphasized that the disallowance exceeded the scope of prima facie adjustments allowed under section 143(1)(a) and referenced relevant case law to support its decision. en-us Mon, 04 Feb 2008 00:00:00 +0530 Thu, 24 Feb 2011 12:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66386 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision that disallowance under section 43B was not permissible as a prima facie adjustment under section 143(1)(a). The conversion of sales tax liability into a loan was deemed correct, supported by evidence, and the eligibility certificate for deferment was issued within the relevant assessment year. The Tribunal emphasized that the disallowance exceeded the scope of prima facie adjustments allowed under section 143(1)(a) and referenced relevant case law to support its decision. Case-Laws Income Tax Mon, 04 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66386