https://www.taxtmi.com/caselaws?id=66764 Section 43B, inserted from 1 April 1984, did not govern liabilities relating to the accounting year ended on 31 March 1984, so disallowance on that basis was not justified. The provision for market fee under the Andhra Pradesh (Agricultural Produce and Livestock) Markets Act was treated as a statutory levy distinct from tax or duty and therefore outside the scope of section 43B. On the mercantile system, accrued liabilities for market fee, state sales tax and central sales tax were allowable deductions for the relevant year, and the impugned disallowances were set aside. en-us Mon, 22 Sep 1986 00:00:00 +0530 Mon, 07 Mar 2011 11:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66764 Section 43B, inserted from 1 April 1984, did not govern liabilities relating to the accounting year ended on 31 March 1984, so disallowance on that basis was not justified. The provision for market fee under the Andhra Pradesh (Agricultural Produce and Livestock) Markets Act was treated as a statutory levy distinct from tax or duty and therefore outside the scope of section 43B. On the mercantile system, accrued liabilities for market fee, state sales tax and central sales tax were allowable deductions for the relevant year, and the impugned disallowances were set aside. Case-Laws Income Tax Mon, 22 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66764