https://www.taxtmi.com/caselaws?id=207169 The High Court held that the Income Tax Appellate Tribunal was not justified in sustaining the addition of Rs. 51,918 on account of sales tax liability under Section 43B of the Income Tax Act, 1961. The Court emphasized that the first proviso inserted in 1988 had retrospective effect, allowing for the deduction if the tax was paid in the next accounting year before the due date of filing the return. The Court referred to relevant judgments, including Allied Motors (P.) Ltd. and Whirlpool of India Ltd., to support its decision. The High Court directed the office to communicate this ruling to the Tribunal for further action. en-us Tue, 16 Aug 2011 00:00:00 +0530 Wed, 09 Dec 2015 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207169 The High Court held that the Income Tax Appellate Tribunal was not justified in sustaining the addition of Rs. 51,918 on account of sales tax liability under Section 43B of the Income Tax Act, 1961. The Court emphasized that the first proviso inserted in 1988 had retrospective effect, allowing for the deduction if the tax was paid in the next accounting year before the due date of filing the return. The Court referred to relevant judgments, including Allied Motors (P.) Ltd. and Whirlpool of India Ltd., to support its decision. The High Court directed the office to communicate this ruling to the Tribunal for further action. Case-Laws Income Tax Tue, 16 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207169