https://www.taxtmi.com/caselaws?id=68031 The Appellate Tribunal ITAT Jaipur ruled in favor of the appellant, a general merchandise trader, in an appeal concerning the addition of Rs. 30,112 under section 43B for the assessment year 1987-88. The Tribunal held that there was no statutory liability to pay the sales-tax collected at the end of the accounting year as the amount was paid within the statutory time provided by the sales-tax legislation of the State. Citing the decision in ITO vs. K.S. Lokhandwala, the Tribunal canceled the addition made by the ITO under section 43B. en-us Fri, 12 Jan 1990 00:00:00 +0530 Wed, 16 Mar 2011 14:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68031 The Appellate Tribunal ITAT Jaipur ruled in favor of the appellant, a general merchandise trader, in an appeal concerning the addition of Rs. 30,112 under section 43B for the assessment year 1987-88. The Tribunal held that there was no statutory liability to pay the sales-tax collected at the end of the accounting year as the amount was paid within the statutory time provided by the sales-tax legislation of the State. Citing the decision in ITO vs. K.S. Lokhandwala, the Tribunal canceled the addition made by the ITO under section 43B. Case-Laws Income Tax Fri, 12 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68031