https://www.taxtmi.com/caselaws?id=209811 The judgment involves the interpretation of section 43B of the Income-tax Act, 1961, regarding the disallowance of sales tax paid after the due date. The Assessing Officer disallowed the sales tax paid by the assessee after the end of the previous year but before the due date stipulated under the Himachal Pradesh Sales Tax Act, invoking section 43B. The CIT(A) reversed this decision, but the Tribunal upheld the disallowance based on previous judgments. The Supreme Court's decision in Allied Motors (P.) Ltd. v. CIT on the retrospective effect of the proviso to section 43B is crucial in understanding the application of this provision. The matter is remanded to the Tribunal for reconsideration in light of the Supreme Court's ruling. en-us Fri, 29 Apr 2011 00:00:00 +0530 Fri, 10 Feb 2012 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209811 The judgment involves the interpretation of section 43B of the Income-tax Act, 1961, regarding the disallowance of sales tax paid after the due date. The Assessing Officer disallowed the sales tax paid by the assessee after the end of the previous year but before the due date stipulated under the Himachal Pradesh Sales Tax Act, invoking section 43B. The CIT(A) reversed this decision, but the Tribunal upheld the disallowance based on previous judgments. The Supreme Court's decision in Allied Motors (P.) Ltd. v. CIT on the retrospective effect of the proviso to section 43B is crucial in understanding the application of this provision. The matter is remanded to the Tribunal for reconsideration in light of the Supreme Court's ruling. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209811