https://www.taxtmi.com/caselaws?id=155407 The High Court ruled in favor of the assessee, allowing the deduction of Rs. 2,22,161 towards sales tax liability for the assessment year 1971-72. The court held that under the mercantile method of accounting, the assessee could claim the deduction when the sales tax liability was finally determined by the Sales Tax Tribunal. The court also emphasized the need for a fresh demand notice when the liability is reduced, following the principle established in a previous case. en-us Wed, 13 May 1987 00:00:00 +0530 Wed, 04 Sep 2013 11:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155407 The High Court ruled in favor of the assessee, allowing the deduction of Rs. 2,22,161 towards sales tax liability for the assessment year 1971-72. The court held that under the mercantile method of accounting, the assessee could claim the deduction when the sales tax liability was finally determined by the Sales Tax Tribunal. The court also emphasized the need for a fresh demand notice when the liability is reduced, following the principle established in a previous case. Case-Laws VAT and Sales Tax Wed, 13 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155407