https://www.taxtmi.com/caselaws?id=66582 The Tribunal allowed the deduction of market cess under Section 43B, holding that it did not fall under the prohibition of tax or duty deductions. The assessee was entitled to claim the deduction of Rs. 11,300. However, the deduction of the sales-tax provision amounting to Rs. 13,000 was disallowed as the liability did not become payable within the accounting year as required by Section 43B. The Tribunal's decision was based on the interpretation of statutory provisions and judicial precedents, ultimately partially allowing the appeal. en-us Fri, 24 Feb 1989 00:00:00 +0530 Tue, 01 Mar 2011 12:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66582 The Tribunal allowed the deduction of market cess under Section 43B, holding that it did not fall under the prohibition of tax or duty deductions. The assessee was entitled to claim the deduction of Rs. 11,300. However, the deduction of the sales-tax provision amounting to Rs. 13,000 was disallowed as the liability did not become payable within the accounting year as required by Section 43B. The Tribunal's decision was based on the interpretation of statutory provisions and judicial precedents, ultimately partially allowing the appeal. Case-Laws Income Tax Fri, 24 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66582