https://www.taxtmi.com/caselaws?id=77821 The court upheld the Tribunal's decision to allow the deduction claimed by the assessee for unpaid sales tax liability under section 43B of the Income-tax Act. Relying on judicial precedents from the Calcutta and Patna High Courts, the court deemed the proviso to section 43B as clarificatory and retroactive, permitting the deduction as the payment was made within the permissible date. The court also considered the low tax impact, aligning with the CBDT's litigation policy to reduce cases with minimal tax implications. Consequently, the court ruled in favor of the assessee against the Revenue. en-us Mon, 17 Sep 2007 00:00:00 +0530 Thu, 14 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77821 The court upheld the Tribunal's decision to allow the deduction claimed by the assessee for unpaid sales tax liability under section 43B of the Income-tax Act. Relying on judicial precedents from the Calcutta and Patna High Courts, the court deemed the proviso to section 43B as clarificatory and retroactive, permitting the deduction as the payment was made within the permissible date. The court also considered the low tax impact, aligning with the CBDT's litigation policy to reduce cases with minimal tax implications. Consequently, the court ruled in favor of the assessee against the Revenue. Case-Laws Income Tax Mon, 17 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77821