https://www.taxtmi.com/caselaws?id=201617 The High Court upheld the Tribunal's decision allowing the assessee's claim for deduction based on sales tax liability arising from the Ordinance of 1990. The Court found no error in the Tribunal's decision, emphasizing the importance of considering the liability reflected in the balance sheet. Additionally, the Court declined to entertain the revenue's question in the reference applications due to the finality of past decisions in similar cases involving the assessee, leading to the rejection of the reference applications. en-us Fri, 17 Sep 2010 00:00:00 +0530 Thu, 20 Jan 2011 20:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201617 The High Court upheld the Tribunal's decision allowing the assessee's claim for deduction based on sales tax liability arising from the Ordinance of 1990. The Court found no error in the Tribunal's decision, emphasizing the importance of considering the liability reflected in the balance sheet. Additionally, the Court declined to entertain the revenue's question in the reference applications due to the finality of past decisions in similar cases involving the assessee, leading to the rejection of the reference applications. Case-Laws Wealth-tax Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201617